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38-58 & 78 88 Rt-303 Orangetown, NY 10983
$3,800,000
  • Commercial
  • Year Built 1965
  • Retail
  • ML# H6298892

Property Details

Overview

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.

Key Facts

  • Taxes: $106,027
  • Business Type: Mixed Use, Retail
  • Sale or Rent: Sale
  • Development: Stateline Plaza I & Ii
  • School District: South Orangetown
  • Zoning: CS

Additional Features

  • Building Size: 17880

Interior & Utilities

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

Financial

  • Taxes: $106,027
Listing Information provided courtesy of Nova North Commercial  845-222-9260
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