About 38-58 & 78 88 Rt-303
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.
Features of 38-58 & 78 88 Rt-303
| MLS® # | H6298892 |
|---|---|
| Price | $3,800,000 |
| Bathrooms | 0.00 |
| Acres | 0.00 |
| Year Built | 1965 |
| Type | Commercial |
| Sub-Type | Retail |
| Status | Active |
Community Information
| Address | 38-58 & 78 88 Rt-303 |
|---|---|
| Subdivision | Stateline Plaza I & Ii |
| City | Orangetown |
| County | Rockland |
| State | NY |
| Zip Code | 10983 |
Additional Information
Listing Details
| Office | Nova North Commercial |
|---|---|
| Office Contact | 845-222-9260 |