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Property profile

529 Us 9W Nyack, NY 10960

OFF-MARKET
Land
View Sample
4.3 ac lot

Property summary

AI-generated overview

This exceptional 4.3-acre property, situated on US Route 9W in Upper Nyack, Rockland County, NY, presents a unique development opportunity. The site boasts over 300 feet of frontage on this heavily trafficked route connecting the George Washington Bridge to Albany, offering unparalleled visibility and accessibility. Comprising three contiguous tax lots (sold as a package), the land is easily subdividable, simplifying development plans. The property benefits from versatile zoning, encompassing both commercial (BO) and residential (R-20) designations. The commercial portion allows for a wide range of uses, including fitness centers, retail spaces, medical facilities, banks, labs, and with special permits, light industrial, warehousing, daycare, schools, automotive-related businesses, and more. The residential zoning is located at the rear of the property. The location is highly desirable, less than three miles from I-87/287, the Palisades Center Mall, and the Mario Cuomo Bridge. Furthermore, its position along premier New York State cycling routes between New York City and Bear Mountain adds to its appeal. Prior engineering studies, including plans for a self-storage facility (54,900 SF or 81,900 SF), and a recent Phase I environmental study are available upon request. The asking price is $1,999,000. This prime location and flexible zoning make this an ideal investment for developers seeking a high-impact project in a thriving area. The zip code is 10960.

Property profile

Verified
Property type Land
Lot 4.3 ac (187,308 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Party Supply Store (Bike/Boat/Book/etc) Store
  • Big Box & Wholesale Store
  • Hat Shop
  • (Bike/Boat/Book/etc) Store

Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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