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Property profile

798 Main St Johnson City, NY 13790

OFF-MARKET
Community centers
Property ID
US63-5427868
View Sample
13.52 ac lot
Entity Owned Free & Clear

Property summary

AI-generated overview

River Plaza, a 186,663 square foot regional shopping center in Johnson City, New York, presents a significant retail investment opportunity. Located at 798 Main Street, this multi-tenant property boasts prime visibility and accessibility from the Southern Tier Expressway (Route 17). The center currently features 179,180 square feet of vacant space, offering substantial potential for redevelopment or expansion. Built in 1965, the property sits on a generous 35.85-acre lot and includes 200 parking spaces, ensuring ample customer convenience. The existing tenancy includes Ollie's Bargain Outlet and Home Depot (shadow anchor), providing strong co-tenancy and drawing significant foot traffic. The property is zoned GC and is located in Broome County, New York, with a zip code of 13790. One immediately available space of 6,507 square feet is currently available for lease. This property offers a unique chance to capitalize on a well-established location with high traffic volume and significant expansion potential within a thriving retail market. The substantial vacant space presents a blank canvas for a variety of retail concepts, benefiting from the existing anchor tenants and high visibility location. This is an exceptional opportunity for investors seeking a large-scale retail property in a strategic location.

Property profile

Verified
Property type Community centers
Use group MINI-MALL
Lot 13.52 ac (588,931 SF)
APN 034689 142.16-1-1.2
UPID US63-5427868

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Rental Facility
  • Big Box & Wholesale Store
  • Big Box & Wholesale Store Building Supply
  • Garden Center
  • General Contractor

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$190k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$190k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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