20 S Broadway

This is a unique opportunity to acquire a prime property at 20 S Broadway in the heart of Nyack, New York, perfect for owner-users, developers, or investors. The building, currently zoned R-2, presents incredible upside potential with its adaptable layout and the towns verbal approval to convert the retail space. Preliminary talks with the town indicate that a developer can add an additional story along with repurposing the first-floor retail could yeild an additional 11 residential units, complementing the 10 units already in place on the second & third floor. An 8-car parking lot on-site, paired with the town’s confirmation that no additional parking is required, adds convenience for residents, and the proximity to a municipal lot across the street further enhances the accessibility of the property. Investors looking for long-term rental income or future value appreciation will appreciate the building’s location in a vibrant village setting with consistent traffic and high visibility. With a lot size of 8,712 square feet and 5,000 square feet on each floor, this building can be repositioned into a residential or mixed-use property that caters to the increasing demand for housing in the area. In 2024, property taxes are assessed at $97,651, making this an attractive investment with significant potential for growth. With the ability to capitalize on residential conversions and add additional units, this property offers strong development possibilities, ensuring a high return on investment. Whether you're a developer with a vision, an owner-user seeking space for your business or residence, or an investor looking for a prime real estate opportunity, 20 S Broadway presents endless possibilities in one of Nyack’s most desirable locations.