123 Ny-59 Nanuet, NY 10954
- Retail properties
- 8,400 SF
- 0.54 lot acres
Current Use by Public Records
- Isalis / Gift Shop / Boutique
- Party City / Party Store / Balloon Store
- Skunk Funk / Wholesaler / Clothing Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop
Property Details for 123 Ny-59
- Lot size
- 0.54 lot acres
- Property size
- 8,400 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Nanuet
- County
- Rockland
- State
- New York
- Longitude
- -74.0057
- Latitude
- 41.0947
