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    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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    More about this property
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