762-770 Route 3 - Retail FOR SALE


Plattsburgh, NY 12901
$2,790,000 USD
518-297-7741
762-770 Route 3, Plattsburgh, NY for Sale
$2,790,000 USD
Retail - FOR SALE
1/7
null | 8% Cap Rate

762-770 Route 3
Plattsburgh, NY 12901


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,790,000 USD

PRICE/SF

$58 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Plattsburgh Route 3 Shopping Plaza

PROPERTY TYPE

Retail

ADD'L SUBTYPES

undefined, Storefront Retail/Office, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

3.9 AC

LAND SF

169,884 SF

ZONING

SC

APN/PARCEL ID

094200-206-003-0001-023-011-0000

ASK ABOUT THIS PROPERTY

Matthew BoireCDC Real Estate Inc.More Info
518-297-7741

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Matthew BoireCDC Real Estate Inc.More Info
518-297-7741

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.