High-Visibility Spring Valley Office
170 Route 59 Spring Valley, NY 10977
170 Route 59, Spring Valley, NY, 10977
$3,500,000
For Sale
$3,500,000
Freestanding 4,830 SF office building in a thriving location.
Property Size4,830 SF
Lot Size0.39 Acres
Price / SF$724.64
Days on Market281
Property Features for 170 Route 59
General Information
- Standard status
- Active
- Size
- 4,830 SF
- Lot size
- 0.39 Acres
- Property subtype
- Commercial
Listing agency
CENTURY 21 ELITE REALTY
(914) 345-3550
Listed by
VESNA KANACKI · License #10491211676
Source
Corcoran
Added: Oct 14, 2025 Updated: Jul 6 at 9:57AM Checked: Jul 21 at 5:03AM
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 CENTURY 21 ELITE REALTY
Investment Insights
Based on property information with market context.
Located in the Village of Spring Valley, at the heart of Rockland County's most traveled commercial corridor, this 4,830 square foot office property offers an opportunity for ownership of a free-standing, high-visibility building. Situated on a 0.39-acre parcel with dual access points and direct frontage along New York State Route 59, and exit on Dutch Lane, the property benefits from daily visibility from approximately 25,000 to 35,000 vehicles per day. Route 59 connects Suffern, Spring Valley, Nanuet, Nyack, and the New York State Thruway (I-87/I-287). The location provides connectivity to Route 304, the Palisades Interstate Parkway, and the NYS Thruway, placing it within minutes of retail, financial, and residential centers throughout Rockland County. The building features a masonry and glass façade. The interior includes a welcoming lobby and teller area, multiple private offices, a conference room, IT center, secure vault, and administrative workspace, adaptable for single-tenant or multi-tenant occupancy. Exterior features include an asphalt parking lot with 20 spots, high-impact signage, and curb appeal along Route 59. Zoned GB – General Business, the site allows a range of professional and retail uses including medical, banking, insurance, law, accounting, or boutique office/showroom. Its corner lot configuration and vehicular exposure make it suitable for continued institutional use or redevelopment into a commercial or mixed-use concept.
Key Highlights
- High‑visibility location on Route 59 with 25,000‑35,000 vehicles passing daily.
- Versatile GB (General Business) zoning allows for a broad range of professional and retail uses.
- Flexible 4,830 SF single‑story layout adaptable for single or multi‑tenant occupancy.
Local Financial Insights For Office B
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 | $217.4k | $45.00 |
| − Vacancy | −$33.7k | −$6.98 |
| EGI | $183.7k | $38.03 |
| − OpEx | −$45.9k | −$9.51 |
| NOI | $137.7k | $28.52 |
4,830 SF · lease $45.00/SF/yr · vacancy 15.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.97M
$1.72M – $2.30M
NOI $137,746 @ 7.0% cap · market cap 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.19M
$2.79M – $3.73M
NOI $223,544 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office building - Freestanding 4,830 SF office building in a thriving location.
Where is this office building located?
The property is located at 170 Route 59 Spring Valley, NY.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: High‑visibility location on Route 59 with 25,000‑35,000 vehicles passing daily.; Versatile GB (General Business) zoning allows for a broad range of professional and retail uses.; Flexible 4,830 SF single‑story layout adaptable for single or multi‑tenant occupancy.
