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.
- Added:
- Jun 13, 2026
- Days on Market:
- 4
- Last Refresh:
- Jun 16 at 2:24 am
Property Features for 123 E Route 59
General Information
- Standard status
- Active
- Size
- 8,400 SF
- Lot size
- 0.54 Acres
- Property subtype
- Commercial
Listing agent Jason Horowitz ([email protected])
Listing office Triforce Commercial RE LLC
Listing date Jun 13, 2026
Source Ridgevalleyre
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
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
- Vacant space previously operated as a bank and included a drive‑thru
- Located in the RS (Regional Shopping) zone
Overview
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.
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Nanuet
- County
- Rockland
- State
- New York
- Longitude
- -74.007024
- Latitude
- 41.09454
