100 Pike StPort Jervis, NY 12771
- Retail properties
- 80,278 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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