38-58 & 78–88 Rt-303, Orangetown, NY, 10983
$3,800,000
Retail
Commercial
Details
ML#: H6298892
- 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
Lot Size: 1.21
Parking Spaces: Yes
Parking Facilities: Parking Lot
Heat: Natural Gas, See Remarks
A/C: Central Air
Water: Public
Sewer: Public Sewer
Taxes: $106,027
School District: South Orangetown
Listing Information provided courtesy of
Nova North Commercial
845-222-9260