38-58 & 78 88 Rt-303 Tappan, NY 10983
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.
- Property TypeCommercial
- NeighborhoodStateline Plaza I & Ii
- CountyRockland
- Taxes$106,027
- HOA/Condo/Coop Fees$0
- Days on Site69 Days
- MLS StatusActive
- MLS ID NumberH6298892
- Home Size Source N/A
- Year Built1965
- Lot Size Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Sewer Public Sewer
- Water Public
- Zoning CS
- Property Sub Type Retail
Interior Features
- Cooling Central Air
- Heating Natural GasSee Remarks
Community Features
- Township Orangetown