Retail Site on Route
For Sale
Contact for pricing
123 NY-59, Nanuet, NY
8,400 SF retail site in Rockland County for sale.
Property Size8,400 SF
Lot Size0.52 Acres
Price / SF$577.38
Days on Market592
Property Features for 123 NY-59
General Information
Standard status
Active
Size
8,400 SF
Lot size
0.52 Acres
Property subtype
RETAIL
Properties For Sale
at 123 NY-59
123 NY-59
AVAILABLE, Now
Floor
1
Size
3,800 SF
Type
RETAIL
Sublease
No
- Incredible opportunity to rent retail space in the heart of Rockland County's Commercial District located on Route 59 in Nanuet, NY.
- NYS DOT states that in 2019 over 850,000 cars passed the site.
- The space was previously a bank which contained a drive thru.
- The property is in the CS (Community Shopping) Zone.
- One can rent 3,000 SF or 5,800 SF. 45% for tax: $2,911.13 month per 45% for Insurance: $217.47 per month 45% for CAM $604.66 per month month
Contact us
Listing Agency:
Triforce Commercial Real Estate
(845) 450-6500
Listed By:
Jason Horowitz · License ##10491207540
(845) 323-9177
Source:
Moodyscre
Added: Mar 18, 2025
Changed: Oct 25
Last Checked: Oct 30 at 1:36PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Triforce Commercial Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is an opportunity to purchase an approximately 8,400 square foot retail site situated on about 0.54 acres. Located in the commercial district of Rockland County on Route 59 in Nanuet, New York, the property benefits from high traffic volume, with the New York State Department of Transportation reporting an Annual Average Daily Traffic count of 31,126 vehicles in 2023. The vacant space, previously a bank with a drive-thru, is suitable for an owner-user. The property is located in the RS (Regional Shopping) Zone.
Key Highlights
- High Traffic Location: Located on Route 59 with 31,126 cars passing daily (2023 data).
- Large Retail Space: Boasting 8,400 +\/- SF of retail space.
- Prime Commercial District: Situated in Rockland County's Commercial District.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$388,773
Cap Rate
8.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,775,460
$7.8M
Cap Rate 7%
$5,553,900
$5.6M
Cap Rate 9%
$4,319,700
$4.3M
Market Conditions
NOI Build-Up for 8,400 SF
Gross rent
$554.4K $66.00/SF
− Vacancy
−$36.0K −$4.29/SF
EGI
$518.4K $61.71/SF
− OpEx
−$129.6K −$15.43/SF
NOI
$388.8K $46.28/SF
Area
Rockland County, NY
Vacancy
6.50%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,775,460
Cap Rate 7%
$5,553,900
Cap Rate 9%
$4,319,700
Alternative Uses
Best Use
Specialty Retail
$5.55M
$4.86M – $6.48M
NOI $388,773 @ 7.0% cap · market cap 8.02%
Second Best
Retail
$1.69M
$1.48M – $1.97M
NOI $118,294 @ 7.0% cap · market cap 2.44%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
892
Businesses Nearby
63k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 71%
Shops & Services 29%
HomeGoods
Home Improvements & Furnishings
39,059 visits/mo
0.5 miles
Party City
Shops & Services
12,089 visits/mo
0.5 miles
Chase Bank
Shops & Services
6,145 visits/mo
0.1 miles
Kirkland's
Home Improvements & Furnishings
5,375 visits/mo
0.5 miles
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Bank - 8,400 SF retail site in Rockland County for sale.
Where is this bank located?
The property is located at 123 NY-59 Nanuet, NY.
What is the asking price?
The asking price for this property is $4,850,000.
What are key features of this property?
This property features: High Traffic Location: Located on Route 59 with 31,126 cars passing daily (2023 data).; Large Retail Space: Boasting 8,400 +\/- SF of retail space.; Prime Commercial District: Situated in Rockland County's Commercial District.
