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    123 Ny-59 Nanuet, NY 10954

    Sponsored
    For Sale
    $4,850,000

    High-traffic Route 59 bank/storefront.

    Property size:
    8,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 8,400-square-foot retail property, situated on a 0.54-acre lot at 123 East Route 59 in Nanuet, New York, presents a compelling owner-user investment opportunity. Located in Rockland County's thriving commercial district, this single-story building boasts a prime location on a high-traffic thoroughfare. According to NYS DOT data from 2019, over 850,000 vehicles passed this site annually, underscoring its exceptional visibility and accessibility. Previously occupied by a bank, the property includes a drive-thru, offering significant potential for various retail uses. The building is zoned RS (Regional Shopping), allowing for a range of commercial applications. The asking price is $4,850,000, with a pro-forma NOI of $318,731 and a pro-forma cap rate of 6.57%. This NNN-leased property offers a strong return on investment for the discerning buyer. The property's strategic location, ample square footage, and existing infrastructure make it an ideal choice for businesses seeking a high-visibility presence in a densely populated area. The 10954 zip code ensures convenient access to a large customer base. This is a rare chance to acquire a well-positioned retail space in a bustling commercial hub.

    Property Features for 123 Ny-59

    General Information

    Property type
    Individual retail properties
    Square Feet
    8,400 SF
    Lot Size
    23,522 SF

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • 8,400 SF retail building on a 0.54‑acre lot at 123 East Route 59, Nanuet, NY.
    • Prime location in Rockland County's high‑traffic commercial district, exceeding 850,000 vehicles annually (NYS DOT 2019 data).
    • Features a drive‑thru and is zoned RS (Regional Shopping), ideal for various retail uses.
    • Asking price: $4,850,000, with a pro‑forma NOI of $318,731 and a 6.57% cap rate.
    • NNN‑leased property offering strong ROI in a densely populated area (zip code 10954).
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    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
    -74.005732506832
    Latitude
    41.094738080808

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic Route 59 bank/storefront.
    Where is this individual retail property located?
    The property is located at 123 Ny-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 building on a 0.54-acre lot at 123 East Route 59, Nanuet, NY.; Prime location in Rockland County's high-traffic commercial district, exceeding 850,000 vehicles annually (NYS DOT 2019 data).; Features a drive-thru and is zoned RS (Regional Shopping), ideal for various retail uses.
    Request Owner's contact information
    123 Ny-59 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
    123 Ny-59 Nanuet, NY 10954
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