92-94 Main StNyack, NY 10960

  • Mixed-use properties
  • 13,734 SF
For Lease
$240/SF/YR View listing

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
Mixed-use properties
Property subtype
Other investment properties
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,270,640
    6.5%
    $2,095,976
    7%
    $1,946,263
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,794,484
    Geo Method
    $1,794,484
  • Alternative Use

    Use
    Valuation
    Residential
    $2,599,010
    Hospitality
    $2,380,679
    Educational
    $1,980,697
    Medical
    $2,048,816
    Retail
    $3,081,084
92-94 Main St, Nyack, New York

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
-
$170,800
$319,200
$490,000
-
$479,371
$895,875
$1,375,246

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