$3,800,000

38-58 & 78 88 Rt-303, Tappan, NY 10983, Orangetown NY 10983

Square Footage: 17880.00
Status: Active
Days on Market: 110
MLS ID: ONEH6298892

Property Description

Located on the NY/NJ border in a Business District spanning Tappan, NY and Northvale, NJ with National and Regional Retailers and Service Providers, including a new 25k+ SF project for a LIDL Supermarket across the street. This offering includes the sale of two In-Line Retail Strip Centers – Stateline Plaza I (121-125 Oak Tree Rd. & 78 88 Route 303, Tappan) – an 8,410 SF structure, and Stateline Plaza II (38-58 Route 303, Tappan) – a 9,470 SF structure, as well as a Single Family home (115 Oak Tree Rd, Tappan). Currently, at about 26% vacancy rate, the asking price represents a 5.60% CAP Rate, and at a Pro Forma CAP Rate of 8%+, this offering presents a great Upside potential. For Stateline I, the NYS Department of Environmental Conservation has assigned a Site Code of 344089 to the property. For Stateline II, the NYS Department of Environmental Conservation has assigned a Site Code of 344090 to the property.

Property Details

Square Footage: 17880.00
Type: Commercial Sale
Year Built: 1965
Taxes: 106027
Heating: Natural Gas,See Remarks
Sewer: Public Sewer

Other Features

Central Air.

Map

Listed By: Nova North Commercial

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