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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

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      Prime Nanuet location, high traffic, 7,818 sq ft.
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    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.
    (845) 450-6500
    Request Owner's contact information
    78 Middletown Rd Nanuet, NY 10954
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    Nanuet, NY 10954
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    78 Middletown Rd Nanuet, NY 10954
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