$ 3,800,000
38-58 & 78 88 Rt-303 Tappan, NY 10983
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In-PersonVirtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 3,800,000
Est. payment /mo
Active
38-58 & 78 88 Rt-303 Tappan, NY 10983
UPDATED:
04/09/2024 08:21 PM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision Stateline Plaza I & Ii
MLS Listing ID H6298892
Originating Board onekey
Rental Info No
Year Built 1965
Annual Tax Amount $106,027
Property 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.
Location
State NY
County Rockland
Zoning CS
Interior
Heating Natural Gas, See Remarks
Cooling Central Air
Fireplace N
Building
Sewer Public Sewer
Water Public
Schools
School District South Orangetown
Others
Special Listing Condition None
Listed by Nova North Commercial • 845-222-9260