$ 3,800,000
38-58 & 78–88 Rt-303 Tappan, NY 10983
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 3,800,000
Est. payment /mo
Active
38-58 & 78–88 Rt-303 Tappan, NY 10983
1.21 Acres Lot
UPDATED:
11/16/2024 06:55 PM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision Stateline Plaza I & Ii
MLS Listing ID KEYH6298892
Originating Board onekey2
Rental Info No
Year Built 1965
Annual Tax Amount $106,027
Lot Size 1.210 Acres
Acres 1.21
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.
Location
State NY
County Rockland County
Interior
Heating Natural Gas, See Remarks
Cooling Central Air
Fireplace No
Appliance Electric Water Heater
Exterior
Garage Parking Lot
Parking Type Parking Lot
Building
Lot Description Corner Lot
Sewer Public Sewer
Water Public
Schools
School District South Orangetown
Others
Special Listing Condition None
Listed by Nova North Commercial