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Redevelopment Opportunity | 2.6 Acres 243-249 Orange Tpke 4,800 SF 100% Leased Retail Building Sloatsburg, NY 10974 $2,100,000 ($437.50/SF) 6.60% Cap Rate
Investment Highlights
- Taxes: $55,000
- Acres: 2.6
- Existing Building: 4,310 SF - Former Restaurant
- Zoning: MU-1 Mixed-Use
- Lots: 2
- Additional Structures: Garage/Storage Building & Cottage
Executive Summary
New 1200 home development 500 ft away.
New zoning change- multi family is now allowable in the zone
Call Village of Sloatsburg for more Info. 845 753 2727
The Klein Lefkowitz Commercial Team at Houlihan Lawrence Commercial is pleased to present an exceptional opportunity to acquire approximately 2.6 acres of commercially zoned land located along Orange Turnpike (NYS Route 17) in the Village of Sloatsburg, Rockland County, New York.
The property is improved with a former restaurant building containing approximately 4,310 square feet, complete with commercial kitchen, bar, dining facilities and full basement, as well as a detached storage/garage structure and a renovated cottage. While the existing improvements may be suitable for adaptive reuse, the property's highest and best use may be redevelopment under the Village's MU-1 Mixed Use zoning designation.
The site offers significant frontage along Orange Turnpike, one of the area's primary commercial corridors, and is strategically positioned near the New York State Thruway, Route 17, Route 287 and major regional employment centers.
This offering presents developers, investors, institutions and owner-users with the rare opportunity to control one of the larger commercially-zoned development parcels in Sloatsburg.
New zoning change- multi family is now allowable in the zone
Call Village of Sloatsburg for more Info. 845 753 2727
The Klein Lefkowitz Commercial Team at Houlihan Lawrence Commercial is pleased to present an exceptional opportunity to acquire approximately 2.6 acres of commercially zoned land located along Orange Turnpike (NYS Route 17) in the Village of Sloatsburg, Rockland County, New York.
The property is improved with a former restaurant building containing approximately 4,310 square feet, complete with commercial kitchen, bar, dining facilities and full basement, as well as a detached storage/garage structure and a renovated cottage. While the existing improvements may be suitable for adaptive reuse, the property's highest and best use may be redevelopment under the Village's MU-1 Mixed Use zoning designation.
The site offers significant frontage along Orange Turnpike, one of the area's primary commercial corridors, and is strategically positioned near the New York State Thruway, Route 17, Route 287 and major regional employment centers.
This offering presents developers, investors, institutions and owner-users with the rare opportunity to control one of the larger commercially-zoned development parcels in Sloatsburg.
Property Facts
Sale Type
Investment
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Building Size
4,800 SF
Building Class
B
Year Built/Renovated
1928/2009
Price
$2,100,000
Price Per SF
$437.50
Cap Rate
6.60%
NOI
$138,600
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.04
Lot Size
2.60 AC
Zoning
MU1 - New Zoning is now allowing multi Family.
Parking
80 Spaces (16.67 Spaces per 1,000 SF Leased)
Frontage
330’ on Orange Tpke
Amenities
- 24 Hour Access
Somewhat walkable
20/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 392603-029-052-0001-003-000-0000 | Improvements Assessment | $30,900 |
| Land Assessment | $28,100 | Total Assessment | $59,000 |
Property Taxes
Parcel Number
392603-029-052-0001-003-000-0000
Land Assessment
$28,100
Improvements Assessment
$30,900
Total Assessment
$59,000
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Redevelopment Opportunity | 2.6 Acres | 243-249 Orange Tpke