123 Route 59Nanuet, NY 10954

Property Details for 123 Route 59

Year built

1965

Lot size

0.56 AC

Property size (Sq ft)

8,331 SF

Zone code

RS

Property type

Retail space

APN

392089 64.5-2-24

APU

392089645224

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,024,724

  6.5%

  $1,868,976

  7%

  $1,735,478

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,743,092

  Geo Method

  $2,743,092

• Alternative Use

  Use

  Valuation

  Residential

  $1,576,551

  Hospitality

  $1,444,112

  Educational

  $1,201,484

  Medical

  $1,242,805

  Retail

  $1,868,976

Location Insight

City

Nanuet

County

Rockland

State

New York

Latitude

41.0945

Longitude

-74.0059

CBSA code

35620

CBSA name

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

Property Tax & Assessments

FAQs

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