103 Jersey Ave
Port Jervis, NY 12771

Property tours are available by appointment ONLY. Please contact Alan Cafiero (201-742-6118 / alan.cafiero@marcusmillichap.com) or Matthew Leszyk (201-742-6171 / matthew.leszyk@marcusmillichap.com) to schedule. 103-129 Jersey Avenue (the “Property”) is a ±27,450 SF Retail Center in Port Jervis, New York. Originally constructed in 1958, the Property consists of a single-story, ±4-suite shopping center situated on a ±2.1 Acre parcel. It features pylon signage, 194’ of frontage on Jersey Ave, and a paved parking lot with ±114 spaces, approximately 15 of which are currently rented on a month-to-month basis by Neversink Lumber. Easily accessible, the site is a short drive from Routes 6, 42, and 209, as well as Interstate 84. In addition, the Port Jervis Commuter Rail is located less than a mile away. The Property is currently ±32.14% occupied through December 2025 by Family Dollar, a top performing store ranked #2 in the district. Family Dollar is a credit tenant, rated BBB- by Standard & Poor’s, and has operated at this location since 1990. 103-129 Jersey Avenue lies in a Qualified Opportunity Zone, which spun out of the federal Tax Cuts and Jobs Act of 2017. It is a new community redevelopment program which rewards development in certain communities across the country, and presents the opportunity for capital gains tax savings which increases significantly over the hold period. The US Department of Treasury and IRS describes the program’s benefits as follows, “Qualified Opportunity Zones retain this designation for 10 years. Investors can defer tax on any prior gains until no later than December 31, 2026, so long as the gain is reinvested in a Qualified Opportunity Fund, an investment vehicle organized to make investments in Qualified Opportunity Zones. In addition, if the investor holds the investment in the Opportunity Fund for at least ten years, the investor would be eligible for an increase in its basis equal to the fair market value of the investment on the date that it is sold.”Click here for additional information. Port Jervis is a city located at the confluence of the Neversink and the Delaware rivers in western Orange County, New York, north of the Delaware Water Gap. The communities of Deerpark, Huguenot, Sparrowbush, and Greenville are adjacent to Port Jervis, and Matamoras, Pennsylvania is located across the river and connected by bridge. Port Jervis is part of the Poughkeepsie–Newburgh–Middletown metropolitan area as well as the larger New York metropolitan area. From late spring to early fall, many thousands of travelers and tourists pass through Port Jervis on their way to enjoying rafting, kayaking, canoeing and other activities in the Delaware Water Gap National Recreation Area and the Upper Delaware Scenic and Recreational River and the surrounding area. In August 2008, Port Jervis was named one of "Ten Coolest Small Towns" by Budget Travel magazine. As of 2019, the Property’s demographics have ±20,198 individuals residing within a five-mile radius, with an average household income of ±$69,163. In the same year, the total specified consumer spending within a 5-mile radius of the Property accounts for ±$189,848, and there are ±924 businesses and ±9,145 employees.