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    117 Ny-303 Tappan, NY 10983

    Sponsored
    For Sale
    $2,500,000

    5.3 Acres, Prime Location, Redevelopment Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5.3-acre commercial land parcel in Congers, NY, presents a unique redevelopment opportunity. Located at 117 NY-303 (117 Route 303), this property is zoned CS, allowing for diverse commercial and mixed-use development. Previously occupied by a 250-seat restaurant and two rental homes, the site offers significant potential for various ventures, including retail, office space, healthcare facilities, senior housing, or hospitality. The mostly flat 5.3-acre lot boasts ample road frontage and high visibility, ensuring strong customer attraction. Its strategic location provides easy access to major highways like I-287 and offers proximity to public transportation and neighboring communities. This prime location in a thriving area of Rockland County makes it an ideal investment for developers seeking to create a vibrant new commercial destination. The asking price is $2,500,000. This property is not zoned for residential use. Serious inquiries only.

    Property Features for 117 Ny-303

    General Information

    Property type
    Land
    Lot Size
    230,868 SF

    HighLights

    • Excellent multi‑family and commercial development potential.
    • 5.3‑acre mostly level lot.
    • Prime location with easy access to I‑287 and NYC.
    • Existing improvements include a 250‑seat restaurant and two rental houses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tappan
    County
    Rockland
    State
    New York
    Longitude
    -73.9438791
    Latitude
    41.0327291

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    FAQs

    What type of property is this?
    Land - 5.3 Acres, Prime Location, Redevelopment Opportunity
    Where is this land located?
    The property is located at 117 Ny-303 Tappan, NY.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: Excellent multi-family and commercial development potential.; 5.3-acre mostly level lot.; Prime location with easy access to I-287 and NYC.
    (914) 328-7511
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    117 Ny-303 Tappan, NY 10983
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    Tappan, NY 10983
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    117 Ny-303 Tappan, NY 10983
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