92-94 Main StNyack, NY 10960

Property Details for 92-94 Main St

Year built

1900

Lot size

0.17 AC

Property size (Sq ft)

13,734 SF

Zone code

C-1

Property type

Investment properties

Property subtype

Live-work space

APN

392403 66.38-1-24

APU

3924036638124

Description

This exceptional 5,535 square foot commercial space, located at 92-94 Main Street in the heart of Nyack's vibrant village, presents a remarkable lease opportunity. Currently configured as a restaurant, this single-tenant property boasts a fully equipped kitchen featuring a substantial 34-foot hood, ideal for high-volume operations. A large, 75-foot poured concrete bar and a dedicated staging area offer versatility for various uses, including live entertainment. The open layout is enhanced by soaring 13.3-foot ceilings throughout the first floor, creating an airy atmosphere easily adaptable to diverse commercial concepts, from retail to hospitality. The building is fully equipped with a sprinkler system and central air conditioning, supplemented by three additional split units for optimal climate control. Gas fuel and ample utilities are readily available, ensuring a turnkey operation ready for immediate occupancy. Benefit from excellent visibility and high foot traffic in this prime location, surrounded by thriving shops, restaurants, and cultural attractions, attracting both locals and tourists. This well-maintained property offers an unparalleled chance to establish a successful business in one of Nyack's most desirable areas.

• CAP approach

  CAP return

  Valuation

  6%

  $2,588,770

  6.5%

  $2,389,640

  7%

  $2,218,950

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,830,370

  Geo Method

  $1,830,370

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $4,676,690

  Retail / Commercial

  $2,398,190

  Hospitality / Lodging

  $1,753,200

  Office

  $2,375,440

  Institutional / Educational

  $2,484,260

  Residential Income

  $2,906,580

  Multifamily

  $3,486,000

  Automotive / Energy

  $2,129,360

  Parking / Income-Based Land

  $734,818

  Restaurant / Food Service

  $1,242,870

  Healthcare / Senior Housing

  $2,450,530

Location Insight

City

Nyack

County

Rockland

State

New York

Latitude

41.0914

Longitude

-73.9191

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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