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291-303 Route 59

9,960 SF 100% Leased Retail Building West Nyack, NY 10994 $3,300,000 ($331/SF) 7% Cap Rate

Executive Summary

Prime Stand-Alone Retail Strip Center. Excellent location on one of the busiest traveled roadways in Rockland County. Well established
businesses; neighborhood shopping center where all spaces are now fully leased that will provide new owner with an excellent long-term
investment. Potential to increase CAP and cash flow.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,960 SF
Building Class
C
Year Built
1984
Price
$3,300,000
Price Per SF
$331
Cap Rate
7%
NOI
$231,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
1.00 AC
Zoning
RS - RS Zoning: Allowable uses include, but are not limited to: Retail drug, dry goods & variety, food, hardware, stationery and tobacco stores; newsstand
Parking
25 Spaces (2.51 Spaces per 1,000 SF Leased)
Frontage
246 FT on Rt-59 Expy

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 1,704 SF
  • Retail
  • In-Line
  • 30 Days
Space Size Space Use Position Available
1st Floor 1,704 SF Retail In-Line 30 Days

1st Floor

Size
1,704 SF
Space Use
Retail
Position
In-Line
Available
30 Days

Nearby Major Retailers

ShopRite
Chili's Grill & Bar
The Cheesecake Factory
China Max
Johnny Rockets
Saladworks
Yard House Restaurant
TGI Fridays
Starbucks
Little Tokyo

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
392089-065-006-0001-062-000-0000
Land Assessment
$150,000
Improvements Assessment
$281,400
Total Assessment
$431,400
  • Listing ID: 34008022

  • Date on Market: 4/28/2022

  • Last Updated:

  • Address: 291-303 Route 59, West Nyack, NY 10994

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