Active

38-58 & 78 88 Rt-303

Tappan NY, 10983

$3,800,000


Active

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

April 12, 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.

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Data last updated 7:47 PM UTC, 4/12/2024

  

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