38-68 Dutch Town Plz - Storefront FOR SALE
Palatine Bridge, NY 13428 |
$2,769,000 USD
843-931-9503
38-68 Dutch Town Plz
Palatine Bridge, NY 13428
HIGHLIGHTS
- Dutchtown Plaza is anchored by Ollie's Bargain Outlet and Tractor Supply Company, 2 nationally recognized retailers.
- Strong opportunity to reposition and transform the center through targeted leasing and active asset management with a CAGR of 9.7%.
- Offered at a significant discount to replacement cost, allowing investors to acquire a large-format retail center at a highly attractive basis $30/SF.
- Attractive going-in returns relative to today’s debt environment, while minimizing near-term leasing risk. This is the ideal blend of income & upside.
- Convenient ingress/egress and ample parking, enhancing tenant performance and customer convenience.
OVERVIEW
Sands Investment Group is pleased to exclusively offer for sale the 89,210 SF Dutchtown Plaza located at 38 W Main Street in Palatine Bridge, NY. Dutchtown Plaza offers a compelling value-add opportunity to reposition and enhance the center through targeted leasing strategies and active asset management. With a strong historical CAGR of 9.7%, this asset presents investors with a unique opportunity for both income growth and long-term appreciation.
In Cooperation With SIG RE Services NY LLC - Lic. #10991233211 BoR: Andrew Ackerman - Lic. NY #10491210161
FOR SALE DETAILS
PRICE
$2,769,000 USD
PRICE/SF
$31 USD /SF
CAP RATE
8.25%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Dutchtown Plaza - Palatine Bridge, NY
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1970
SPRINKLERS
-
PARKING SPACES
300
LAND DETAILS
LAND ACRES
17.1 AC
LAND SF
744,876 SF
ZONING
-
APN/PARCEL ID
273403-063-010-0002-003-000-0000
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843-931-9503
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843-931-9503
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