A
38-58 & 78 88 Rt-303
Tappan NY, 10983
$3,800,000
A
Commercial
Built in 1965
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.
H6298892
MLSⓇ ID
April 4, 2024
Listed
May 9, 2024
Updated
Map
38-58 & 78 88 Rt-303
Tappan NY, 10983
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Natural Gas, See Remarks
Exterior/Building Features
Sewer
Public Sewer
School Information
School District
South Orangetown
Other Property Details
Taxes
$106,027
Tax Frequency
Annually
Garage
No
View
No
County
Rockland
Municipality
Orangetown
Water Source
Public
Pool
No
Buyer Agency Compensation
2.00%
Listed by Yshay Manos with Nova North Commercial
Listing Contact: 845-222-9260
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Halo Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 OneKey MLS. All rights reserved.
Data last updated 8:34 AM UTC, 5/9/2024