Gateway To Nyack 267 Main St
11,556 SF 100% Leased Retail Building Nyack, NY 10960 $3,600,000 ($312/SF)
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INVESTMENT HIGHLIGHTS
- Located in the heart of Nyack
- The blend of residential charm and commercial vibrancy embodies the spirit of opportunity and growth.
- Just 3 Minutes from Montefiore Nyack Hospital
EXECUTIVE SUMMARY
Welcome to this unique and expansive property opportunity located at 267 Main St, Nyack, NY 10960 and 248 Depew Avenue Nyack, (Both Tax lots included) NY 10960. Poised for greatness, this mixed-use gem offers an incredible blend of four commercial spaces and four residential units, presenting a rare chance to own a versatile piece of real estate in a sought-after location. Imagine the potential of developing up to 38 units on this site, a project perfect for a visionary investor ready to make a significant impact in the bustling heart of Nyack. The eight existing units, each boasting their own distinct charm, offer a solid foundation for immediate returns while planning for future expansion. Whether you're looking to house your own business, rent out spaces for income, or embark on a development project, the possibilities here are as vast as your vision. The residential quarters, provide comfort and convenience, making them highly desirable for renters seeking quality living spaces in a vibrant community. Each unit is designed with functionality and style in mind, ensuring a premium living experience for residents. On the commercial side, the spaces offer incredible versatility for various types of businesses. High foot traffic and visibility make these units attractive for retail shops, offices, Law Offices, Art, or Medical service providers. (Just 3 Minutes from Montefiore Nyack Hospital) The potential for customizing these spaces to fit specific business needs adds to the allure, making it a smart investment for those looking to capitalize on Nyack's dynamic commercial landscape. Located in the heart of Nyack, this property benefits from its proximity to local amenities, including shopping, dining, and entertainment options, as well as convenient access to transportation routes for easy commuting. This blend of residential charm and commercial vibrancy embodies the spirit of opportunity and growth.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
11,556 SF
Building Class
C
Year Built
2001
Price
$3,600,000
Price Per SF
$312
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.42
Lot Size
0.63 AC
Zoning
DMU-2 - Zoning Allows for mixed use Combination of Retail/Office/Residential. Build about 38 units
Parking
32 Spaces (2.77 Spaces per 1,000 SF Leased)
Frontage
100 FT on Main St.
AMENITIES
- Pylon Sign
- Roof Terrace
- Air Conditioning
Walk Score®
Very Walkable (84)
NEARBY MAJOR RETAILERS
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PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $29,300 | |
Land Assessment | $85,700 | Total Assessment | $115,000 |