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Property profile

265 Us-202 Somers, NY 10589

OFF-MARKET
Lifestyle centers
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fully occupied, three-tenant retail shopping center situated on approximately four acres in Somers, New York. The 100% occupied, stand-alone building features a diverse tenant mix including Taste Gourmet Deli & Catering, The Dry Cleaner, and the recently leased Rebel Yoga, occupying a 2,500 square foot space. The property boasts ample private parking accommodating up to 35 vehicles. The zoning designation is B-HP, permitting uses such as food establishments (excluding quick-service restaurants), office spaces, medical facilities, and fitness centers, with potential for other uses upon review. This strategically located property sits on Route 202 near Route 100, offering excellent visibility and accessibility. Its prime location is adjacent to the historic Elephant Hotel, a town center focal point, and within walking distance of Heritage Hills, a substantial residential community encompassing 2,600 condo units and a new 66-unit townhome development. A newly constructed DeCiccio's Market is also conveniently located nearby. The property includes additional developable land at the rear, presenting further expansion possibilities. Nearby towns include Heritage Hills, Lincolndale, and Croton Falls. This is a rare opportunity to acquire a high-performing retail center in a thriving and rapidly developing area of Westchester County.

Property profile

Verified
Property type Lifestyle centers

Cap rate & NOI

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

Location

265 Us-202 Somers, NY 10589
Somers metro
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Value estimations

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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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