16 Route 303Tappan, NY 10983

Property Details for 16 Route 303

Year built

1980

Lot size

0.49 AC

Property size (Sq ft)

6,106 SF

Zone code

CS

Property type

Banks

APN

392489 77.15-1-45

APU

3924897715145

Description

This exceptional commercial property, located at 16 Route 303 in Tappan, New York, presents a compelling investment opportunity. Priced at $1,999,000, the property is classified as "Other," indicating a versatile use potential. The precise square footage is not currently available, however, the property sits on a zero-acre lot. This suggests a compact footprint, ideal for a variety of businesses that may not require extensive land. Its strategic location on Route 303 offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking high traffic exposure. The lack of specified square footage necessitates an on-site inspection to determine the exact dimensions and layout of the interior space. Potential buyers are encouraged to conduct thorough due diligence to assess the suitability of the property for their intended use. Given the price point and location, this property is likely to attract significant interest from investors seeking a foothold in the vibrant Tappan commercial market. Further information regarding zoning regulations and permitted uses should be obtained from the relevant local authorities. The absence of detailed property specifications underscores the need for a comprehensive site visit to fully evaluate the property's potential. This unique offering presents a chance to acquire a strategically positioned commercial asset in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,155,060

  6.5%

  $1,066,210

  7%

  $990,052

• Comparable approach

  Method

  Valuation

  Relative Method

  $829,722

  Geo Method

  $829,722

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,079,210

  Mixed-Use / Specialty

  $1,062,410

  Hospitality / Lodging

  $779,455

  Office

  $1,056,100

  Institutional / Educational

  $1,104,480

  Residential Income

  $1,292,240

  Multifamily

  $1,549,840

  Automotive / Energy

  $946,694

  Parking / Income-Based Land

  $326,693

  Restaurant / Food Service

  $552,567

  Healthcare / Senior Housing

  $1,089,480

Location Insight

City

Tappan

County

Rockland

State

New York

Latitude

41.0171

Longitude

-73.9448

CBSA code

35620

CBSA name

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

Property Tax & Assessments

FAQs

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