For Sale
$4,850,000

123 Ny-59 Nanuet, NY 10954

High-traffic Route 59 bank/storefront.

Overview

Added:
Dec 11, 2024
Days on market:
132
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.

Highlights

  • 8,400 SF retail building on a 0.54-acre lot at 123 East Route 59, Nanuet, NY.
  • Prime location in Rockland County's high-traffic commercial district, exceeding 850,000 vehicles annually (NYS DOT 2019 data).
  • Features a drive-thru and is zoned RS (Regional Shopping), ideal for various retail uses.
  • Asking price: $4,850,000, with a pro-forma NOI of $318,731 and a 6.57% cap rate.
  • NNN-leased property offering strong ROI in a densely populated area (zip code 10954).

Property Details for 123 Ny-59

Property type
Retail properties, Retail space
Square Feet
8,400 SF
Buildings
1
Stories
1
Lot Size (sq. ft)
23,522 SF

Location Insight

City
Nanuet
County
Rockland
State
New York
Latitude
41.094738080808
Longitude
-74.005732506832

FAQs

What type of property is this?
Retail property - High-traffic Route 59 bank/storefront.
Where is the retail property located?
The property is located at 123 Ny-59 Nanuet, NY.
What is the asking price?
The asking price for this property is $4,850,000.
What are key features of this property?
This property features: 8,400 SF retail building on a 0.54-acre lot at 123 East Route 59, Nanuet, NY.; Prime location in Rockland County's high-traffic commercial district, exceeding 850,000 vehicles annually (NYS DOT 2019 data).; Features a drive-thru and is zoned RS (Regional Shopping), ideal for various retail uses.
How can I contact the broker?
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123 Ny-59
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