North Main Plaza | 50yr Operating History | 162 N Main St
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North Main Plaza | 50yr Operating History 162 N Main St
8,879 SF 100% Leased Retail Building Florida, NY 10921 $2,512,000 ($283/SF) 6% Cap Rate
Investment Highlights
- 50 Year Operating History | Long-Standing Tenants | Fee Simple Ownership | Available With Neighboring Center
- Surrounded by Major Traffic Generators
- Six-Figure Incomes within a 3-Mile Radius
- Signalized, Hard Corner Intersection | Surrounding Tenants | Primary Thoroughfare | Recently Completed Major Renovations
- Recently Completed Major Renovations:
Executive Summary
• Opportunity to acquire North Main Plaza, a retail strip that has been serving the city of Florida for nearly 50 years
• Seller is willing to negotiate the sale of North Main Plaza and Meadow Shopping Center as a package deal (speak with agent for more details)
• The offering includes commercial suites as well as residential units
• Investor benefits from fee simple ownership of the building and land
• Seller is willing to negotiate the sale of North Main Plaza and Meadow Shopping Center as a package deal (speak with agent for more details)
• The offering includes commercial suites as well as residential units
• Investor benefits from fee simple ownership of the building and land
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,879 SF
Building Class
C
Year Built
1975
Price
$2,512,000
Price Per SF
$283
Cap Rate
6%
NOI
$150,735
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.41
Land Acres
0.50 AC
Zoning
GC - General Commercial
Parking
18 Spaces (2.03 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 335401-102-000-0001-003.000-0000 | Improvements Assessment | $74,600 |
| Land Assessment | $18,400 | Total Assessment | $93,000 |
PROPERTY TAXES
Parcel Number
335401-102-000-0001-003.000-0000
Land Assessment
$18,400
Improvements Assessment
$74,600
Total Assessment
$93,000
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Britt Raymond -
Kyle Fant -
SRS Real Estate Partners
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North Main Plaza | 50yr Operating History | 162 N Main St
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