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78 Middletown Rd Nanuet, NY 10954

Sponsored
For Sale
$2,680,000

Prime Retail Investment, 7,818 SF, 7.6% Cap Rate

Property size:
7,818 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
This exceptional 7,818 square foot multi-tenant retail center presents a compelling investment opportunity in Nanuet, New York. Located at 78 South Middletown Road, this property boasts a highly visible position directly across from The Shops at Nanuet, a major shopping destination, and enjoys convenient access to Route 59, ensuring high traffic volume and excellent exposure. The building sits on a 0.76-acre lot and is zoned HC-N. Currently, the occupancy rate stands at 75%, offering immediate income potential. The asking price is $2,680,000, representing a strong 7.60% capitalization rate. The property is structured as a triple net (NNN) lease, minimizing landlord responsibilities. The building offers a unique opportunity for an owner-occupier, with approximately 2,200 square feet available for immediate use. This prime location, combined with the strong cap rate and potential for future growth, makes this a truly exceptional investment opportunity in a thriving retail market. The property's high visibility and convenient location ensure consistent exposure to a large and diverse customer base. This is a rare chance to acquire a well-situated retail center in a high-demand area. The property's size and configuration offer flexibility for a variety of retail uses.

Property Features for 78 Middletown Rd

General Information

Property type
Retail properties
Square Feet
7,818 SF
Lot Size
33,106 SF

HighLights

  • 7,818 SF multi‑tenant retail center in Nanuet, NY.
  • High‑visibility location across from The Shops at Nanuet, with easy Route 59 access.
  • 0.76‑acre lot, HC‑N zoning.
  • 75% occupancy, generating immediate income.
  • $2,680,000 asking price, 7.60% cap rate.
  • Triple‑net (NNN) lease.
Property Profile Location Intelligence

Current Use by Public Records

theMEDibar Medical Spa Vogue Salon Beauty Salon Venus & Venom MEDIspa Medical Spa

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Nanuet
County
Rockland
State
New York
Longitude
-74.0122474
Latitude
41.0943107

FAQs

What type of property is this?
Retail property - Prime Retail Investment, 7,818 SF, 7.6% Cap Rate
Where is this retail property located?
The property is located at 78 Middletown Rd Nanuet, NY.
What is the asking price?
The asking price for this property is $2,680,000.
What are key features of this property?
This property features: 7,818 SF multi-tenant retail center in Nanuet, NY.; High-visibility location across from The Shops at Nanuet, with easy Route 59 access.; 0.76-acre lot, HC-N zoning.
More about this property
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