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38-58 & 78 88 Rt-303

Tappan, NY 10983
  • $3,800,000
  • STATUS: Active
  • ON SITE: 86 Days
  • MLS #: H6298892
UPDATED: 43 min ago
$3,800,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1965
County:
Area:

School Ratings & Info

School District:

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.

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© 2024 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty NYC Group. Data last updated: 2024-07-14T15:21:00.063.
www.padernachtrealestate.com/homes/149277601
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38-58 & 78 88 Rt-303 Tappan, NY 10983

  • Price: $3,800,000
  • Status: Active
  • On Site: 86 Days
  • Updated: 43 min ago
  • MLS #: H6298892
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1965
Built
Neighborhood:
Stateline Plaza I & Ii
County:
Rockland
Area:
Orangetown
School District:
South Orangetown
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.
Interior Features

Cooling Central Air Cooling YN Yes Heating Natural GasSee Remarks Hot Water Electric Stand Alone

Property Features

Building Size 17880 Business Type Retail Current Use Mixed UseRetail MLSArea Minor 99 Property Sub Type Retail Sewer Public Sewer Subdivision Name Stateline Plaza I & Ii Tax Annual Amount 106027 Tax Annual Amount1 106027 Township Orangetown Water Source Public Zoning Description CS

Listing courtesy of Yshay Manos of Nova North Commercial: 845-222-9260
© 2024 OneKey MLS. All rights reserved.


© 2024 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty NYC Group. Data last updated: 2024-07-14T15:21:00.063.
 
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Keller Williams Realty NYC Group
2300 Eastchester Road
Bronx NY, 10469