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Property profile & analytics
FOR LEASE
Retail space

123 Route 59 Nanuet, NY 10954

8,331 SF 0.56 ac lot Built 1965
Entity Owned 10-yr Hold ~ Est. High Equity
Property ID
US63-3102584
Property summary
AI-generated overview

This exceptional retail opportunity is located at 123 Route 59 in Nanuet, New York, within Rockland County's bustling commercial district. The property boasts a total of 9,600 square feet, currently entirely vacant and available for lease. Flexible space options are available, ranging from a minimum of 3,800 square feet to a maximum contiguous space of 5,800 square feet. The property is zoned CS (Community Shopping), reflecting its prime retail location. Its previous use as a bank included a drive-thru, presenting unique possibilities for adaptive reuse. High traffic counts are a key feature, with over 850,000 vehicles passing the site annually, according to 2019 NYS DOT data. The property offers significant potential for businesses seeking high visibility and accessibility. Prospective tenants should note that 45% of the following monthly expenses are included in the lease: taxes ($2,911.13), insurance ($217.47), and common area maintenance ($604.66). This prime location in Nanuet, NY, offers unparalleled access to a large consumer base and presents a remarkable opportunity for a variety of retail businesses. The property's size and configuration provide flexibility for various retail concepts. Contact us today to learn more about this exceptional retail space.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1965
Total area 8,331 SF
Lot 0.56 ac (24,394 SF)
Zoning code RS
APN 392089 64.5-2-24
UPID US63-3102584
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.25M
Blend (final) Blend
$1.20M
Owner & transaction history
C&a New York INC · 10 yrs held
C&a New York INC
since 2016
1 recorded transaction
2016
$4.9M
Zoning & alternative use
RS · Nanuet, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $1.7M +61.6%
Restaurant $1.6M +51.2%
Commercial (general) $1.4M +28.9%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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