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Plattsburgh Route 3 Shopping Plaza 762-770 Route 3 48,005 SF 100% Leased Retail Building Plattsburgh, NY 12901 $3,795,823 CAD ($79.07 CAD/SF) 8% Cap Rate
Executive Summary
This fully leased strip plaza in Plattsburgh, NY is a prime investment
with solid current income with potential for more. Anchored by FedEx
(leased through December 31, 2028) the property has three buildings
totaling 48,888 SF on 3.9 acres, with plenty of parking. The mix of
long-term, stable tenants provides a strong cash flow foundation.
Located on Route 3, one of the city’s main commercial corridors, the
plaza gets great visibility and traffic (~10,400 AADT) and is easy to
reach via I-87 (Exit 36), making it convenient for both local and
regional shoppers. Across the road is the entrance to the Plattsburgh
Industrial Parks, and hundreds of acres recently made available for
future Town Center growth. This adds a strong base of employers and
businesses.
Plattsburgh sits on the western shore of Lake Champlain and serves
as a regional hub, with easy access to Canada through the
Champlain, NY Port of Entry. With a growing retail and commercial
scene, this property is well-positioned for long-term value and future
lease opportunities.
with solid current income with potential for more. Anchored by FedEx
(leased through December 31, 2028) the property has three buildings
totaling 48,888 SF on 3.9 acres, with plenty of parking. The mix of
long-term, stable tenants provides a strong cash flow foundation.
Located on Route 3, one of the city’s main commercial corridors, the
plaza gets great visibility and traffic (~10,400 AADT) and is easy to
reach via I-87 (Exit 36), making it convenient for both local and
regional shoppers. Across the road is the entrance to the Plattsburgh
Industrial Parks, and hundreds of acres recently made available for
future Town Center growth. This adds a strong base of employers and
businesses.
Plattsburgh sits on the western shore of Lake Champlain and serves
as a regional hub, with easy access to Canada through the
Champlain, NY Port of Entry. With a growing retail and commercial
scene, this property is well-positioned for long-term value and future
lease opportunities.
Property Facts
Sale Type
Investment
Property Type
Building Size
48,005 SF
Building Class
B
Year Built/Renovated
1987/2007
Price
$3,795,823 CAD
Price Per SF
$79.07 CAD
Cap Rate
8%
NOI
$303,666 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
3.90 AC
Zoning
SC
Parking
30 Spaces (0.62 Spaces per 1,000 SF Leased)
Frontage
123’ on Rt-3 Hwy
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
-
Jan 0000
Tails of the Adirondacks is your source for pet food, supplies, toys and more. All of their products are carefully selected and they are constantly introducing new and exciting products to the store. Tails of the Adirondacks is locally owned and operated. You will frequently be greeted by owner Susan Patnode, ready to answer any question you may have about the products in the store or about your pet. If we do not have what you are looking for Susan will do her best to find it for you.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | Jan 0000 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 094200-206-003-0001-023-011-0000 | Improvements Assessment | $2,578,847 CAD |
| Land Assessment | $822,428 CAD | Total Assessment | $3,401,275 CAD |
Property Taxes
Parcel Number
094200-206-003-0001-023-011-0000
Land Assessment
$822,428 CAD
Improvements Assessment
$2,578,847 CAD
Total Assessment
$3,401,275 CAD
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Plattsburgh Route 3 Shopping Plaza | 762-770 Route 3
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