This fully leased strip plaza in Plattsburgh, NY is a prime investment
with solid current income with potential for more. Anchored by FedEx
(leased through December 31, 2028) the property has three buildings
totaling 48,888 SF on 3.9 acres, with plenty of parking. The mix of
long-term, stable tenants provides a strong cash flow foundation.
Located on Route 3, one of the city’s main commercial corridors, the
plaza gets great visibility and traffic (~10,400 AADT) and is easy to
reach via I-87 (Exit 36), making it convenient for both local and
regional shoppers. Across the road is the entrance to the Plattsburgh
Industrial Parks, and hundreds of acres recently made available for
future Town Center growth. This adds a strong base of employers and
businesses.
Plattsburgh sits on the western shore of Lake Champlain and serves
as a regional hub, with easy access to Canada through the
Champlain, NY Port of Entry. With a growing retail and commercial
scene, this property is well-positioned for long-term value and future
lease opportunities.