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79 S. Liberty Drive, Stony Point 79 S Liberty Dr 5,100 SF 100% Leased Retail Building Stony Point, NY 10980 $1,850,000 ($362.75/SF) 6.40% Cap Rate
Investment Highlights
- Fully leased two-tenant retail investment property.
- Approximately 27 on-site parking spaces serve tenants and visitors.
- Positioned along highly traveled Route 9W with strong visibility.
- Potential future expansion opportunities subject to municipal approvals.
Executive Summary
Investment Opportunity – Fully Leased Retail Strip Center on Route 9W | Stony Point, NY Attention investors! Don't miss this exceptional opportunity to acquire a fully leased, income-producing & +/-5100 square foot multi-tenant retail strip center ideally situated on highly traveled Route 9W in the desirable Hudson River town of Stony Point, NY. This well-maintained commercial property features two established tenants, including a popular restaurant/bar and print shop, all secured with leases that include built-in rental increases, providing dependable cash flow and long-term income growth potential. The property offers approximately 27 on-site parking spaces with generous parking for customers and employees and presents the potential for future expansion (subject to municipal approvals), creating additional value for investors. Significant capital improvements include updated roof, windows, siding, HVAC systems, and bathrooms, helping minimize future maintenance expenses. The restaurant space is fully equipped with a commercial kitchen and includes an ancillary fire suppression system, making it an attractive, turnkey commercial asset. Strategically located with excellent visibility and strong daily traffic counts, this property benefits from its position in one of Rockland County's growing riverfront communities, with convenient access to major highways, residential neighborhoods, and local businesses. Yield producing asset available to qualified buyers. Competitively priced for an immediate sale-an outstanding opportunity to add a stable, cash-flowing investment property to your portfolio.
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Property Facts
Sale Type
Investment
Property Type
Building Size
5,100 SF
Year Built/Renovated
1980/2022
Price
$1,850,000
Price Per SF
$362.75
Cap Rate
6.40%
NOI
$118,465
Percent Leased
100%
Building Height
1 Story
Zoning
BU - Commercial
Parking
27 Spaces (5.29 Spaces per 1,000 SF Leased)
Frontage
100’ on State Route 9W
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 392800-020-011-0002-024-000-0000 | Improvements Assessment | $54,100 |
| Land Assessment | $8,900 | Total Assessment | $63,000 |
Property Taxes
Parcel Number
392800-020-011-0002-024-000-0000
Land Assessment
$8,900
Improvements Assessment
$54,100
Total Assessment
$63,000
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