Retail Site with
For Sale
Contact for pricing
123 E Route 59, Nanuet, NY 10954
Retail property previously operated as a bank with drive-thru service on a high-traffic Route 59 corridor.
Property Size8,400 SF
Lot Size0.54 Acres
Price / SF$577.38
Days on Market50
Property Features for 123 E Route 59
General Information
Standard status
Active
Size
8,400 SF
Lot size
0.54 Acres
Property subtype
Commercial
Zoning
RS
Additional Details
Traffic Count
31,126 vehicles/day
Listing Agency:
Triforce Commercial RE LLC
Listed By:
Jason Horowitz ([email protected])
Source:
Ridgevalleyre
Added: Jun 13
Changed: Jul 10
Last Checked: Jul 31 at 7:59AM
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 RE LLC
Investment Insights
Based on property information with market context.
This for-sale retail site offers approximately 8,400+/- square feet situated on a lot of about 0.54 acres. The property’s prior use was as a bank, and it includes a drive-thru configuration, which can be advantageous for operators seeking convenient vehicle-friendly access. The site is located within the RS (Regional Shopping) zone.
The property is positioned in Rockland County’s commercial district on Route 59 in Nanuet, NY. According to NYS DOT data provided in the listing, the Annual Average Daily Traffic in 2023 was 31,126 cars, supporting strong visibility along the corridor.
With its existing retail layout and drive-thru improvements, the site is particularly relevant for an owner-user looking for a road-facing location with built-in service capability. It may also be of interest to buyers evaluating how the former bank drive-thru arrangement can be adapted to a compatible retail or service use within the RS zoning framework. The property is currently vacant and ready for a new operator to move forward.
The property is positioned in Rockland County’s commercial district on Route 59 in Nanuet, NY. According to NYS DOT data provided in the listing, the Annual Average Daily Traffic in 2023 was 31,126 cars, supporting strong visibility along the corridor.
With its existing retail layout and drive-thru improvements, the site is particularly relevant for an owner-user looking for a road-facing location with built-in service capability. It may also be of interest to buyers evaluating how the former bank drive-thru arrangement can be adapted to a compatible retail or service use within the RS zoning framework. The property is currently vacant and ready for a new operator to move forward.
Key Highlights
- 8,400 +/- SF retail site in Nanuet, NY, located on Route 59 in Rockland County’s commercial district
- Lot size of about 0.54 acres
- NYS DOT reports 2023 Annual Average Daily Traffic of 31,126 cars on Route 59
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $554.4k | $66.00 |
| − Vacancy | −$36.0k | −$4.29 |
| EGI | $518.4k | $61.71 |
| − OpEx | −$129.6k | −$15.43 |
| NOI | $388.8k | $46.28 |
8,400 SF · lease $66.00/SF/yr · vacancy 6.50% · expense 25.00%
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.
Property Analytics
Property Profile
Current Use
Lease Details
31,126 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
595
Businesses Nearby
5k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 100%
DoubleTree by Hilton Hotel Nanuet
Hotels & Casinos
5,216 visits/mo
0.3 miles
Demographics for 10954, NY
24,248
Population
10,041
Households
2.4
Avg Household Size
44
Median Age
47%
College-Educated
90%
High-School Grad
6.9 sq mi
ZIP Area
3,514
Density / Sq Mi
$112,927
Median Household Income
$55,985
Median Earnings
$2,184
Median Rent
$502,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail property previously operated as a bank with drive-thru service on a high-traffic Route 59 corridor.
Where is this retail space located?
The property is located at 123 E Route 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: 8,400 +/- SF retail site in Nanuet, NY, located on Route 59 in Rockland County’s commercial district; Lot size of about 0.54 acres; NYS DOT reports 2023 Annual Average Daily Traffic of 31,126 cars on Route 59
