20 BroadwayNyack, NY 10960

This exceptional Nyack, NY property at 20 S Broadway presents a unique investment opportunity for developers, owner-users, and investors. Currently zoned R-2, this 8,712 square foot lot boasts a 15,000 square foot building (5,000 sq ft per floor) with existing ten residential units on the second and third floors and ground floor retail space. Preliminary discussions with the town suggest the potential to add an additional story, creating an additional eleven residential units, significantly increasing the property's value. The existing retail space is adaptable and could be repurposed to complement the residential units. An on-site 8-car parking lot, coupled with town confirmation that no additional parking is required, adds significant convenience. The property benefits from high visibility and consistent traffic in a vibrant village setting, ensuring strong rental income potential. Its location near a municipal parking lot further enhances accessibility. The 2024 property tax assessment is $97,651. This prime real estate offers strong development possibilities and a high return on investment, catering to the growing demand for housing in the area. This is a rare chance to acquire a property with significant upside in a highly desirable Nyack location.