27-29 Route 59 Nyack, New York offering memorandum SITE Purchase or Ground Lease Opportunity for User or Redevelopment Entity Located on retail thouroughfare between Palisades Regional Mall and the Historic Village Of Nyack 440 Mamaroneck Ave. Suite 504 • Harrison, NY 10528 • 914.968.8500 • rmfriedland.com
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Nyack, New York - LoopNetimages4.loopnet.com/d2/qYrpaBFGgK7WuY-qxAos1xM… · · 2016-12-08Nyack, New York offering memorandum SITE ... industrial building built in 1960 which is
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2 7 - 2 9 R o u t e 5 9Nyack, New York
o f f e r i n g m e m o r a n d u m
SITE
Purchase or Ground Lease Opportunity for User or Redevelopment Entity
Located on retail thouroughfarebetween Palisades Regional Mall and the Historic Village Of Nyack
440 Mamaroneck Ave. Suite 504 • Harrison, NY 10528 • 914.968.8500 • rmfriedland.com
440 Mamaroneck Ave. Suite 504 • Harrison, NY 10528 • 914.968.8500 • rmfriedland.com 2
Disclaimer
The information supplied in this offering memorandum is done so solely for the purpose of review by a prospective purchase or tenant (Prospect). RM Friedland LLC has made its best efforts to provide competent general information to outline this offering.
The material provided is subject to errors and omissions, and is based in part on sources deemed to be reliable. RM Friedland LLC nor the owner makes any warran-ties or representations expressed or implied as to the accuracy of the information provided regardless as to whether said information is supplied in writing, orally or electronically. No legal liability is assumed nor should be implied by the dissemina-tion of the following information. Prospect should do its own due diligence, evalua-tion and determination of the accuracy of all information to its own satisfaction.
440 Mamaroneck Ave. Suite 504 • Harrison, NY 10528 • 914.968.8500 • rmfriedland.com 3
440 Mamaroneck Ave. Suite 504 • Harrison, NY 10528 • 914.968.8500 • rmfriedland.com 4
Executive Summary
* Information provide by Village of Nyack.
** Information provide by Nyack Chamber of Commerce
RM Friedland LLC has been retained as Exclusive Broker to sell the property located at 27-29 Route 59, Nyack, New York. The subject property consists of a .53 acres of land with 100’ of frontage on Route 59, immediately off Exit 11 of the I-87, NYST (New York State Thruway). Situated on the property is a 5,800 +/- sf industrial building built in 1960 which is split into two tenant units. Currently, the front unit is occupied by a machine shop and the rear unit is occupied by an auto mechanic. Each unit is independent of the other having separate meters, lavatories and exits. Ownership is prepared to sell to and work with a purchaser interested in redeveloping the property for a higher and better retail use.
Nyack is tucked on the West Shore of the Hudson River, Nyack is a small town rich in history, culture and charm – just ask the people who live here or friends who love to visit. Nyack is Art & Soul on the Hudson. Whether you are looking for an outdoor adventure, romantic getaway, artsy retreat or family fun, Nyack has it all. We are located just 20 miles north of New York City.*
Nyack is…
• an artistic and creative hub, providing unique opportunities to enjoy music, film, theatre, crafts and the visual arts
• a cultural center, steeped in the region’s rich history and unique architectural tradition
• a recreational destination, for sailing, kayaking, fishing, cycling, hiking, swimming, and relaxation
• a commercial center, known for its unusual gifts, jewelry, antiques, clothing boutiques and funky “a-bit-of-everything” shops
• a haven for gourmets, gourmands and foodies of all persuasions, offering an impressive array of cuisines for fine dining, take-out, catering and cooking at home
• a vibrant center for entertainment and nightlife at the pubs and late-night eateries.**
Visit the Village of Nyack Chamber of Commerce at: http://nyackchamber.org/
440 Mamaroneck Ave. Suite 504 • Harrison, NY 10528 • 914.968.8500 • rmfriedland.com 5
Property Survey
440 Mamaroneck Ave. Suite 504 • Harrison, NY 10528 • 914.968.8500 • rmfriedland.com 6
Tax Map
440 Mamaroneck Ave. Suite 504 • Harrison, NY 10528 • 914.968.8500 • rmfriedland.com 7
121,052 AADT
116,9
47 A
AD
T
25,582 AADT
30,906 AADT
29
,80
7A
AD
T
87
87
87SITE
PALISADES CENTER20 Million Visiters Per Year
400+ Stores | 2.2 Million SF GLA
Hub Shopping Center
5959
59
303
303
Marketplace Aerial
440 Mamaroneck Ave. Suite 504 • Harrison, NY 10528 • 914.968.8500 • rmfriedland.com 8
PALISADES CENTER20 Million Visiters Per Year
400+ Stores | 2.2 Million SF GLA
TARRYTOWN
PIERMONT
IRVINGTON
BLAUVELT
SPRING VALLEY
PEARL RIVER
CHESTNUTRIDGE
MONTVALE
NANUET
W. NYACK
NYACK
UPPER NYACK
SPRING VALLEY MARKETPLACE
NEW YORKNEW JERSEY
HUDS
ON R
IVER
TAPPAN ZEE BRIDGE
PALISADESINTERSTATE
PARKWAY
59
59
59
Hub Shopping Center
SITE
THE SHOPS AT NANUETROCKLAND SHOPPING CENTER
141,228 AADT
121,052 AADT
126
,94
7 AA
DT
29,8
07 A
AD
T
25,582 AADT
41,157 AADT
22,182 AADT
Trade Area
440 Mamaroneck Ave. Suite 504 • Harrison, NY 10528 • 914.968.8500 • rmfriedland.com 9
SITE
Location Map
440 Mamaroneck Ave. Suite 504 • Harrison, NY 10528 • 914.968.8500 • rmfriedland.com 10
Property Specifications
Address:27-29 Route 59, Nyack, New York 10960
Property I.D.Block & Lot: 65.35-1-16
Lot Size:.53 +/- acres, approx. dimensions – 100’ X 220’
Building Size:5,750 +/-
Description:One story commercial building split into two rental units.
Ceilings:Front – 10’, Rear – 14’
Loading:Front – 1 drive-in, Rear -2 drive-ins
Power: Front 400 amp service, Rear – 200 amp service
Heat:Gas, separate meter each section
Zoning:CC – Corridor Commercial District, Village of Nyack
Asking Sale Price:$1,550,000.00
Asking Lease Rate:$13,000 per month NNN, ground lease