$1,795,000

1-3 S Broadway, Nyack, NY 10960, Orangetown NY 10960

Square Footage: 12075.00
Status: Active
Days on Market: 66
MLS ID: ONEH6281216

Property Description

"THE CORNERSTONE OF NYACK" – Have you ever visited a thriving river town village and imagined what it would be like to own the most iconic building in the town? Well… this reality is presenting itself now with the launch of 1-3 South Broadway, Nyack's most prized possession, seeking its next steward to restore and reimagine… This 12,000+ SF mixed-use "double building" is conveniently located at the corner of Broadway and Main Street, the epicenter of Nyack, known for it's vibrant culture, shops, restaurants and all the amenities the river town village has to offer. Projected rent roll can exceed $400K per year after conversion to 6+ residential apartments. Located just one block from the Hudson River, public transportation to NYC, Nyack Marina, minutes to Hook Mountain, 10 minutes to Metro North Train Line and a quick 30 minute drive to New York City. This 12,075 SF building is massive, with a grand center entry to the second and third floor between the two commercial storefronts. The current building setup is two commercial storefronts on the first floor, totaling approximately 3,475 SF, one currently occupied as an antique shop (month to month lease), which was a former health food store, and the second commercial space is Broadway Bistro (leased until February 2027). The second floor, approximately 2,700 SF, is currently zoned for office space with 12' ceilings. The third floor, approximately 2,700 SF, is set up with two large three bedroom residential apartments (month to month leases), showcasing prime river views, exposed brick and 12' ceilings as well. The approximate 3,200 SF finished basement formally housed commercial spaces as well, including the famed "Nirvana Bookstore." Anyone visiting Nyack over the last 50+ years clearly remembers the iconic art murals that were painted along the side facade of this building. Although this is the current setup now, the development possibilities for this location are endless, with the potential to convert second and third floor into numerous Soho style luxury apartments, including roof decks with mesmerizing river and Tappan Zee Bridge views. Another potential opportunity includes converting the basement, or expanding the second and third floors allowing more interior square footage and outdoor space. This is like having an opportunity to buy two buildings, side by side, for the price of one, and recreate the "anchor" of Nyack. 1-3 South Broadway, Nyack, NY is being delivered primarily tenant free, in preparation for its next evolution. Parking available for $75/month in nearby lot. Building will be sold strictly as is and any buyer who would like to tour must show proof of funds or pre approval due to showing demands.

Property Details

Square Footage: 12075.00
Type: Commercial Sale
Taxes: 44665
Heating: Natural Gas,Baseboard
Sewer: Public Sewer

Other Features

Wall Unit S. Window Unit S.

Map

Listed By: Corcoran Baer & McIntosh

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