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    FOR LEASE
    Strip malls

    15 Quaker Ave, Cornwall, NY 12518

    35,018 SF 3.8 ac lot Built 1970
    Entity Owned 20-yr Hold Free & Clear
    Property ID
    US63-4319612
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents versatile retail and Class A office spaces for lease within the Cornwall Shopping Center, situated at 15 and 45 Quaker Avenue in Cornwall, New York. The property offers a diverse range of tenancy options, including coworking, medical office, executive office, and traditional office spaces, catering to a variety of business needs. 15 Quaker Avenue houses a supermarket, while 45 Quaker Avenue comprises the office building. Benefit from a highly desirable location directly across the street from Montefiore St. Luke's Hospital, ensuring high visibility and convenient access to a substantial patient and employee base. The center enjoys close proximity to key demand generators such as West Point, Bear Mountain, and Storm King, attracting a significant customer pool. Nearby established retailers include CVS Pharmacy and Chase Bank, further enhancing the area's commercial appeal. Enjoy excellent accessibility with the property being just two minutes from NYS Route 32, fifteen minutes from the Bear Mountain Bridge, eighteen minutes from the NYS Thruway (Exits 17), and nineteen minutes from the Newburgh-Beacon Bridge. This strategic location provides seamless connectivity to major transportation arteries, ensuring convenient access for both employees and customers. The Cornwall Shopping Center presents a unique opportunity to establish or expand your business in a thriving and well-connected community.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1970
    Total area 35,018 SF
    Lot 3.8 ac (165,528 SF)
    APN 332489 23-3-4
    UPID US63-4319612
    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
    • Cornwall Plaza Business Service Center Corporate Office
    • ATM Atm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.27M
    Owner & transaction history
    Cornwall Shopping LLC · 20 yrs held
    Cornwall Shopping LLC
    since 2006
    5 recorded transactions
    2016
    2012
    2006
    $8.5M
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Warehouse, storage $1.8M +95.0%
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    More about this property
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