$3,800,000
38-58 & 78 88 Rt-303, Tappan, NY 10983, Orangetown NY 10983
Square Footage:
17880.00
Status:
Active
Days on Market:
203
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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