100 Pike StPort Jervis, NY 12771

  • Retail properties
  • 80,278 SF
For Lease
$12.50/SF/YR View listing

Property Details for 100 Pike St

Year built
1973
Lot size
8.90 AC
Property size (Sq ft)
80,278 SF
Zone code
CBD
Property type
Retail properties
Property subtype
Strip malls
APN
331300 12-9-1.1
APU
33130012911

Description

This exceptional single-story, Class C retail shopping center, located at 100 Pike Street in Port Jervis, NY (zip code 12771), offers a prime investment opportunity. The property boasts a total of 80,219 square feet, encompassing 11 suites within a vibrant Central Business District (CBD) zoning area. Currently, 7,240 square feet of retail space is available for lease, divisible into units ranging from a minimum of 2,303 square feet to a maximum contiguous space of 4,544 square feet. The property sits on a substantial 8.9 acres of land and benefits from a recent renovation completed in 2018. This thriving plaza enjoys high visibility on Pike Street and is anchored by established national and regional tenants including Walgreens, Burger King, Save-A-Lot, Ollie's Bargain Outlet, and Tri State Muscle & Fitness. The property's APN is 12-9-1.1. This is a rare opportunity to acquire a well-located retail center in a rapidly growing area, offering significant potential for income generation and long-term appreciation. The property's strategic location and strong tenant mix make it an attractive investment for both seasoned and emerging investors seeking exposure to the robust Port Jervis market. The available space presents a unique chance to establish a presence in a bustling commercial hub.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $29,315,180
    6.5%
    $27,060,166
    7%
    $25,127,298
  • Comparable approach

    Method
    Valuation
    Relative Method
    $26,610,264
    Geo Method
    $26,432,592
  • Alternative Use

    Use
    Valuation
    Residential
    $22,826,262
    Hospitality
    $20,908,734
    Educational
    $17,395,822
    Medical
    $17,994,090
    Retail
    $27,060,166
100 Pike St, Port Jervis, New York

Location Insight

City
Port Jervis
County
Orange
State
New York
Latitude
41.3762
Longitude
-74.6936
CBSA code
39100
CBSA name
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2021
-
$113,400
$1,257,650
$1,371,050
-
$394,437
$4,374,463
$4,768,900

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