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Orangetown NY, 10983 $3,800,000

Retail Commercial  

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Details ML#: H6298892  

  • Business Type: Mixed Use, Retail
  • Sale or Rent:Sale
  • Year Built: 1965
  • Taxes: $106,027
  • Status:Active

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.

More Property Details

Property Features

Building Size: 17880  

Appliances & Utilities

Heat: Natural Gas, See Remarks   A/C: Central Air   Water: Public   Sewer: Public Sewer  

Financial

Taxes: $106,027  

Local Area Information

School District: South Orangetown   Zoning: CS  

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