100 Pike StPort Jervis, NY 12771

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

Strip malls

Property subtype

Neighborhood centers

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.

• CAP approach

  CAP return

  Valuation

  6%

  $23,015,100

  6.5%

  $21,244,700

  7%

  $19,727,200

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,982,000

  Geo Method

  $10,908,700

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $41,648,600

  Mixed-Use / Specialty

  $21,080,300

  Hospitality / Lodging

  $15,350,500

  Office

  $20,862,700

  Institutional / Educational

  $21,883,300

  Residential Income

  $25,603,500

  Multifamily

  $31,198,900

  Automotive / Energy

  $18,757,100

  Parking / Income-Based Land

  $6,560,440

  Restaurant / Food Service

  $10,774,800

  Healthcare / Senior Housing

  $21,708,400

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

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