Former Up Lounge and Venue at Nyack NY 91 Main St

Investment Highlights

DMU-1 zoning, entitled to convert retail to mixed use Currently fit out with Bars on all three floors, two patios and full commercial kitchen in LL Self-supported, floating concert stage w/state-of-art sound system and LED lighting. Completely renovated ADA Compliant, Elevator from LL to rooftop Engineered for outdoor rooftop seating with river views. $40.8M invested in surrounding infrastructure, commercial and residential development.

Executive Summary

EAC Properties is proud to present for sale 91 Main Street, an 8,168 SF free-standing building in the heart of Nyack, New York. Entitled for mixed use development 4 story with water views. Formerly used as a restaurant and music venue/lounge, this 2020-fully renovated building offers three stories of patron area, an atrium-style floor plan, a full commercial kitchen on the lower level, an American draft system, and street-facing balconies on each level. Fully ADA-compliant, with an elevator that runs from the lower level to the roof. Sweeping views of the Hudson with approvals for the roof-top patio. A cantilevered concert stage floats in the middle of the atrium, making it visible throughout the space. With major renovations completed in 2020, including a new roof, new kitchen equipment, updated electrical, fire, and plumbing, renovated bathrooms, refinished floors, and new acoustic ceilings on each level, to name just a few items. Each of the three levels has its bar, and patron restrooms are available on the 1st and 3rd floors. Accepting all reasonable offers. mixed used conversion buy-right. I deal for first floor retail/restaurant and apratsments above. Traditional financing and owner financing.Located in DMU-1 zone, this highly desirable mixed-use development area is already undergoing massive growth through public/private partnerships ($40.8M invested through DRI/NYF award!)

• Sale Type    Investment or Owner User
• Sale Conditions    1031 Exchange 1031 Exchange Lease Option High Vacancy Property Redevelopment Project 1031 Exchange
• Property Type    Retail
• Property Subtype    Storefront Retail/Residential Storefront Retail/Residential General Retail Freestanding General Retail Restaurant Storefront Retail/Residential
• Building Size    8,168
• Building Class    B
• Year Built/Renovated    2004/2020
• Price    1,500,000
• Price Per SF    184
• Percent Leased    75
• Tenancy    Multiple
• Building Height    3 Stories
• Building FAR    3.12
• Land Acres    0.06 AC

• Atrium
• Restaurant
• Tenant Controlled HVAC