16 Route 303 Tappan, NY 10983
- Banks
- 6,106 SF
- 0.49 lot acres
Current Use by Public Records
- Banks
Property Details for 16 Route 303
- Year built
- 1980
- Lot size
- 0.49 lot acres
- Property size
- 6,106 SF
- Zone code
- CS
- Property type
- Banks
- APN
- 392489 77.15-1-45
- APU
- 3924897715145
Description
This exceptional commercial property, located at 16 Route 303 in Tappan, New York, presents a compelling investment opportunity. Priced at $1,999,000, the property is classified as "Other," indicating a versatile use potential. The precise square footage is not currently available, however, the property sits on a zero-acre lot. This suggests a compact footprint, ideal for a variety of businesses that may not require extensive land. Its strategic location on Route 303 offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking high traffic exposure. The lack of specified square footage necessitates an on-site inspection to determine the exact dimensions and layout of the interior space. Potential buyers are encouraged to conduct thorough due diligence to assess the suitability of the property for their intended use. Given the price point and location, this property is likely to attract significant interest from investors seeking a foothold in the vibrant Tappan commercial market. Further information regarding zoning regulations and permitted uses should be obtained from the relevant local authorities. The absence of detailed property specifications underscores the need for a comprehensive site visit to fully evaluate the property's potential. This unique offering presents a chance to acquire a strategically positioned commercial asset in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,780,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,190,000
- 6.5%
- $1,180,000
- 7%
- $1,225,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,345,000
- Geo Method
- $1,495,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,440,000
- Retail
- $1,185,000
- Mixed-Use
- $1,225,000
- Hospitality
- $1,405,000
- Educational
- $1,190,000
- Residential Income
- $1,465,000
- Energy
- $1,270,000
- Income-Based Land
- $1,320,000
- Food Service
- $1,310,000
Location Insight
- Map
- Local Demand
- City
- Tappan
- County
- Rockland
- State
- New York
- Longitude
- -73.9448
- Latitude
- 41.0171
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
