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110-132 Rt-304 12,500 SF 100% Leased Retail Building Nanuet, NY 10954 $4,006,100 CAD ($320.49 CAD/SF) 7% Cap Rate
Executive Summary
This is your opportunity to acquire a well maintained, fully stabilized, Storefront Retail/Office complex, and an income producing commercial asset on the heavily traveled Route 304 in the heart of Nanuet, NY. This property was family developed and built in 1973, and family operated until being offered for sale at this time. It is a +/-12,000 SF building situated on +/-1.30 prime commercial acres with 88 valuable on-site parking and features a diverse tenancy of eight (8) long term tenants. It also offers an Excellent CAP Rate with potential for high value added.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
12,500 SF
Building Class
C
Year Built
1973
Price
$4,006,100 CAD
Price Per SF
$320.49 CAD
Cap Rate
7%
NOI
$280,427 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
1.30 AC
Parking
88 Spaces (7.04 Spaces per 1,000 SF Leased)
Frontage
337’ on Rt-304 Hwy
Amenities
- Pylon Sign
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 392089-058-014-0002-041-000-0000 | Improvements Assessment | $488,134 CAD |
| Land Assessment | $162,529 CAD | Total Assessment | $650,663 CAD |
Property Taxes
Parcel Number
392089-058-014-0002-041-000-0000
Land Assessment
$162,529 CAD
Improvements Assessment
$488,134 CAD
Total Assessment
$650,663 CAD
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110-132 Rt-304
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