41 Middletown RdNanuet, NY 10954

Property Details for 41 Middletown Rd

Year built

1980

Lot size

0.33 AC

Property size (Sq ft)

2,112 SF

Zone code

CS

Property type

Office buildings

APN

392089 64.5-1-9

APU

39208964519

Description

This exceptional mixed-use property, situated at 41 S Middletown Rd in Nanuet, NY, presents a compelling investment opportunity. Priced at $2,000,000, this strategically located building boasts a prime position adjacent to the Shops at Nanuet, ensuring high visibility and foot traffic. The property's history includes use as a bank, complete with a drive-up window, offering unique possibilities for future development. Currently configured as a dental office, the space is fully equipped with existing plumbing and electrical systems, ready for immediate occupancy or seamless conversion. The versatile layout makes it ideal for a variety of uses, including a dental practice, other medical offices, or a financial institution. The building's location within a thriving commercial hub offers significant advantages for businesses seeking high visibility and accessibility. This property represents a rare chance to acquire a well-positioned asset in a high-demand area with significant upside potential. The existing infrastructure minimizes initial setup costs, allowing for a quicker return on investment. Serious inquiries are encouraged to explore the full potential of this remarkable property. The property is located in Nanuet, NY and sits on a 0-acre lot.

• CAP approach

  CAP return

  Valuation

  6%

  $349,177

  6.5%

  $322,317

  7%

  $299,294

• Comparable approach

  Method

  Valuation

  Relative Method

  $275,954

  Geo Method

  $275,954

• Alternative Use

  Use

  Valuation

  Residential

  $399,673

  Hospitality

  $366,098

  Educational

  $304,590

  Medical

  $315,065

  Retail

  $473,806

Location Insight

City

Nanuet

County

Rockland

State

New York

Latitude

41.0956

Longitude

-74.0128

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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