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Property profile

5640 Ny-12 Norwich, NY 13815

OFF-MARKET
Neighborhood centers
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Property summary

AI-generated overview

South Plaza offers exceptional retail space in the heart of Norwich, NY's vibrant retail corridor. This recently renovated neighborhood center boasts a mix of big box and inline spaces, providing flexibility for various retail businesses. The property features a highly visible pylon sign and signalized entrance, ensuring maximum exposure to a substantial customer base. Current tenants include well-established national brands like Peebles, Tractor Supply, Dollar General, and Save-a-Lot, creating a strong synergy and attracting significant foot traffic. The center benefits from the presence of shadow anchors such as Burger King and NBT Bank, further enhancing its appeal and drawing in a diverse customer demographic. Norwich, NY, the county seat of Chenango County, is home to Chobani Yogurt's corporate offices, a major employer producing over two million cases of yogurt weekly, contributing significantly to the area's economic vitality and strong consumer base. The strategic location directly across the street from a grocery-anchored shopping center provides additional convenience and accessibility for shoppers. This presents a unique opportunity to establish or expand your retail presence in a thriving and well-established commercial center. The combination of strong existing tenants, high visibility, and convenient location makes South Plaza an ideal investment for discerning retailers.

Property profile

Verified
Property type Neighborhood centers

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Party Supply Store (Bike/Boat/Book/etc) Store
  • Big Box & Wholesale Store
  • Hat Shop
  • (Bike/Boat/Book/etc) Store

Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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