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Property profile & analytics
FOR LEASE
Banks

16 Route 303 2ND Tappan, NY 10983

6,106 SF 0.49 ac lot Built 1980
Entity Owned 3-yr Hold Free & Clear
Property ID
US63-1345275
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1980
Total area 6,106 SF
Lot 0.49 ac (21,344 SF)
Zoning code CS
APN 392489 77.15-1-45
UPID US63-1345275
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.80M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.36M
Owner & transaction history
Apollo Works Corp · 3 yrs held
Apollo Works Corp
since 2022
Last sale
$1.3M
3 recorded transactions
2022
$1.3M
2018
$1.1M
2012
$823,000
Zoning & alternative use
CS · Tappan, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $1.2M +26.9%
Commercial (general) $1.2M +24.4%
Restaurant $1.2M +24.2%
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