38-58 & 78 88 Rt-303 , Orangetown, NY 10983
Orangetown, NY 10983
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.
Details
| MLS# | H6298892 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Sub-Type | Resale |
| Status | Active |
| Year | 1965 |
| Days On Site | 168 |
| Listing Provided By | Nova North Commercial | Yshay Manos |
Features
| Building(s) | 2 |
|---|---|
| Zoning | CS |
Market Activity 10983
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Learn More About This Property
| State | NY |
|---|---|
| County | Rockland |
| City | Orangetown |
| Zip Code | 10983 |
| Subarea | 99 |
| Community Name | Stateline Plaza I & Ii |
| School District | South Orangetown |
| Elementary School | South Orangetown |
| Middle School | South Orangetown |
| High School | South Orangetown |
| Listing VS Median (in Stateline Plaza I & Ii) | |
Price: $3,800,000 low | high Med: $0 On Site: 168 low | high Med: | |