22 Us-6 Port Jervis, NY 12771

Property Details for 22 Us-6

Lot size

2.10 lot acres

Property size

25,042 SF

Property type

Neighborhood centers

Property subtype

Retail properties

Description

This 25,042 square foot, multi-tenant retail strip center in Port Jervis, NY presents a compelling redevelopment opportunity. Located at 22 US-6, this Class B property boasts 12 units with 80% occupancy and a modified lease structure. The current asking price is $2,799,000, translating to $111.77 per square foot. Situated on a 2.1-acre lot in Orange County, the property offers 162 parking spaces and benefits from direct access to I-84, experiencing a daily traffic count of 31,216 vehicles. The property is zoned IB and includes a passenger elevator for the anchor tenant. Currently, up to 3,000 square feet is available for immediate occupancy, with an additional 16,000 square feet becoming available before the end of 2022. An 11,000 square foot basement area offers further income potential, with a 4,000 square foot finished space previously used as a karate studio. The remaining lease term is one year. This location is ideal for a variety of uses, including fitness centers, healthcare facilities, daycare centers, or educational institutions. The property's prime location and significant potential for expansion make it an attractive investment for owner-users or developers seeking to capitalize on its high-traffic location and redevelopment possibilities. The APN is 332800-057-000-0002-014.000-0000.

Location Insight

City

Port Jervis

County

Orange

State

New York

Longitude

-74.6778

Latitude

41.3555