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Harbourside Grille 78 N Route 303 5,765 SF Retail Building West Nyack, NY 10994 $1,825,000 ($316.57/SF)
Investment Highlights
- In-place cash flow from Herc Rentals through June 27, 2029 with a clear mark-to-market re-leasing opportunity.
- ±0.919 acres in a supply-constrained West Nyack submarket with long-term value protection.
- Immediate access to NYC, I-287, Palisades Parkway, and NYS Thruway.
- Outstanding visibility, frontage, and signage along one of Rockland County’s most heavily trafficked roadways.
- Current rents positioned below market, supporting meaningful income growth at rollover.
Executive Summary
78 North Route 303 offers a textbook value-add opportunity along one of Rockland County’s most heavily trafficked commercial corridors. The property sits on ±0.919 acres and is improved with an 5,765 SF freestanding building featuring exceptional frontage, visibility, and signage on Route 303.
The asset is fully leased to Herc Rentals through June 27, 2029, providing durable in-place income while investors underwrite a clear path to substantial rent growth at lease expiration. Current rents are below market, creating an opportunity to re-lease at materially higher rates, reposition the asset, or attract a higher-credit tenant.
Beyond re-leasing upside, the site functions as a covered land investment with nearly one acre in a prime West Nyack location. Zoned RS, the property presents long-term redevelopment potential for buyers seeking optionality in a supply-constrained market. The parcel benefits from direct access to NYC and major regional arteries, including the Palisades Interstate Parkway, I-287, and the New York State Thruway.
With multiple value-creation strategies, a nationally recognized tenant in place, and irreplaceable corridor exposure, 78 North Route 303 is a rare chance to acquire income today with the ability to unlock meaningful upside in a top Rockland County submarket.
The asset is fully leased to Herc Rentals through June 27, 2029, providing durable in-place income while investors underwrite a clear path to substantial rent growth at lease expiration. Current rents are below market, creating an opportunity to re-lease at materially higher rates, reposition the asset, or attract a higher-credit tenant.
Beyond re-leasing upside, the site functions as a covered land investment with nearly one acre in a prime West Nyack location. Zoned RS, the property presents long-term redevelopment potential for buyers seeking optionality in a supply-constrained market. The parcel benefits from direct access to NYC and major regional arteries, including the Palisades Interstate Parkway, I-287, and the New York State Thruway.
With multiple value-creation strategies, a nationally recognized tenant in place, and irreplaceable corridor exposure, 78 North Route 303 is a rare chance to acquire income today with the ability to unlock meaningful upside in a top Rockland County submarket.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,765 SF
Building Class
B
Year Built
1970
Price
$1,825,000
Price Per SF
$316.57
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.90 AC
Zoning
RS - RS
Parking
72 Spaces (0.17 Spaces per 1,000 SF Leased)
Frontage
68’ on Route 303
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 392089-065-006-0001-030-000-0000 | Improvements Assessment | $160,300 |
| Land Assessment | $144,700 | Total Assessment | $305,000 |
Property Taxes
Parcel Number
392089-065-006-0001-030-000-0000
Land Assessment
$144,700
Improvements Assessment
$160,300
Total Assessment
$305,000
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Presented by
Skyline Real Estate Partners
Harbourside Grille | 78 N Route 303
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