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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

123 Ny-59 Nanuet, NY 10954

8,400 SF 0.54 ac lot
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Retail properties & Spaces
Total area 8,400 SF
Lot 0.54 ac (23,522 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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