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    FOR LEASE
    Strip malls

    100 Pike St, Port Jervis, NY 12771

    80,278 SF 8.9 ac lot Built 1973
    Entity Owned 14-yr Hold ~ Est. High Equity
    Property ID
    US63-1478778
    Property summary
    AI-generated overview

    This exceptional single-story, Class C retail shopping center, located at 100 Pike Street in Port Jervis, NY (zip code 12771), offers a prime investment opportunity. The property boasts a total of 80,219 square feet, encompassing 11 suites within a vibrant Central Business District (CBD) zoning area. Currently, 7,240 square feet of retail space is available for lease, divisible into units ranging from a minimum of 2,303 square feet to a maximum contiguous space of 4,544 square feet. The property sits on a substantial 8.9 acres of land and benefits from a recent renovation completed in 2018. This thriving plaza enjoys high visibility on Pike Street and is anchored by established national and regional tenants including Walgreens, Burger King, Save-A-Lot, Ollie's Bargain Outlet, and Tri State Muscle & Fitness. The property's APN is 12-9-1.1. This is a rare opportunity to acquire a well-located retail center in a rapidly growing area, offering significant potential for income generation and long-term appreciation. The property's strategic location and strong tenant mix make it an attractive investment for both seasoned and emerging investors seeking exposure to the robust Port Jervis market. The available space presents a unique chance to establish a presence in a bustling commercial hub.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1973
    Total area 80,278 SF
    Lot 8.9 ac (387,684 SF)
    Zoning code CBD
    APN 331300 12-9-1.1
    UPID US63-1478778
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Vi nails Nail Salon
    • Department of Veterans Affairs Veterans Affairs Department
    • Bagel HQ (Bike/Boat/Book/etc) Store Bakery
    • LibertyX Bitcoin ATM Atm
    • Port Jervis VA Clinic Hospital
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $480k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.11M
    Blend (final) Blend
    $795k
    Owner & transaction history
    3312 Group LLC · 14 yrs held
    3312 Group LLC
    since 2012
    5 recorded transactions
    2024
    2019
    2012
    $1.7M
    1969
    1969
    Zoning & alternative use
    CBD · Port Jervis, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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