386 State Route 3
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386 State Route 3
5,534 SF 100% Leased Retail Building Plattsburgh, NY 12901 $895,000 ($162/SF)
Investment Highlights
- Access to 30,000 +/- VPD
- Building is located in the center of Plattsburgh's busiest shopping corridor
- Close proximity to I87
- Strong NOI
Executive Summary
Location, Location, Location!! 386 ROUTE 3 is a multi unit retail building located in the heart of Plattsburgh’s busiest shopping corridor. The 3 suites are occupied by long term tenants with NNN leases. The property is located off I87 at exit 37. The building is well maintained and the property has a daily traffic count in excess of 35,000. This investment entails minimal management responsibility and should provide an owner with steady cash flow for many years!
Neighbors include Chick-Fil-A, Wendy’s, Plattsburgh Consumer Square which contains a 24-hour Walmart Supercenter, Sam’s Club, and TJ Maxx. Other notable tenants in the area include PetSmart, HomeGoods, Ulta, Panera Bread, Chipotle and more.
Neighbors include Chick-Fil-A, Wendy’s, Plattsburgh Consumer Square which contains a 24-hour Walmart Supercenter, Sam’s Club, and TJ Maxx. Other notable tenants in the area include PetSmart, HomeGoods, Ulta, Panera Bread, Chipotle and more.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,534 SF
Year Built
1978
Price
$895,000
Price Per SF
$162
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
0.68 AC
Zoning
C - Commercial
Parking
40 Spaces (6.9 Spaces per 1,000 SF Leased)
Frontage
50 FT on Route 3
Amenities
- Freeway Visibility
- Signage
- Signalized Intersection
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 094200-206-004-0003-007-000-0000 | Improvements Assessment | $170,600 |
| Land Assessment | $349,400 | Total Assessment | $520,000 |
PROPERTY TAXES
Parcel Number
094200-206-004-0003-007-000-0000
Land Assessment
$349,400
Improvements Assessment
$170,600
Total Assessment
$520,000
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386 State Route 3
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