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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
Land Acres
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
The Cheesecake Factory
China Max
Johnny Rockets
Little Tokyo
BJ's Wholesale Club
Saladworks
Yard House Restaurant
TGI Fridays

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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