2094 Main StCortlandt, NY 10567

Property Details for 2094 Main St

Lot size

6.33 AC

Property type

Grocery and convenience stores

APN

552289 24.13-2-9

APU

552289241329

Description

This exceptional 55,447 square foot retail property, formerly a ShopRite, is strategically located at 2094 E Main St in Cortlandt Manor, Westchester County, New York, zip code 10567. The building is currently vacant and available for lease under a Triple Net (NNN) lease agreement, presenting a unique opportunity for a variety of retail uses. Its previous occupants included a grocery store, auto shop, and pharmacy, demonstrating its versatility and suitability for a range of businesses. The property sits within Kohl's Plaza at a signalized intersection, ensuring high visibility and accessibility for potential customers. Cortlandt Manor is a thriving suburban community known for its excellent public schools, parks, and proximity to outdoor recreational opportunities such as the Hudson River, Blue Mountain Reservation, and the Hudson Highlands. The area offers a desirable blend of suburban tranquility and convenient access to New York City via nearby Metro-North Railroad stations. The asking price for this substantial retail space is $8,825,000. This prime location and substantial square footage make this property an ideal investment for a discerning buyer seeking a high-impact retail presence in a desirable Westchester County community. The property's versatility allows for adaptation to various retail concepts, capitalizing on the strong local demographics and convenient access to major transportation routes.

• CAP approach

  CAP return

  Valuation

  6%

  $73,906,680

  6.5%

  $68,221,552

  7%

  $63,348,584

• Comparable approach

  Method

  Valuation

  Relative Method

  $90,911,392

  Geo Method

  $90,789,392

• Alternative Use

  Use

  Valuation

  Residential

  $57,547,432

  Hospitality

  $52,713,140

  Educational

  $43,856,712

  Medical

  $45,365,012

  Retail

  $68,221,552

Location Insight

City

Cortlandt Manor

County

Westchester

State

New York

Latitude

41.3045

Longitude

-73.8803

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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