Small Plaza - Rotterdam, NY
Retail Plaza | 8.89% CAP | 18,000 SF
Marketing description
Service oriented strip plaza available for sale. 18,000 square feet of class A retail space. Sewer, Gas Water and fiber optics. Strong leasing history. Dental Office, Vivid Salon, Miracle Ear, Average Joe's Fitness. Directly across from VIA Port Rotterdam and New York State offices with over 800 employees. Excellent ingress and egress to plaza (level of service B+). Reciprocal cross easements from Burger King and Schermerhorn Hollow Village. Access from Putnam Road and Campbell Road and Schermerhorn Hollow Village. High visibility and highly accessible from interstate. Shovel ready pad site adjacent to plaza not included in this price. Price does not include a shovel ready pad site. Pad site is available for $300,000 additional. Traffic counts of over 20,000 AADT. 400 feet of frontage along West Campbell Road.
Link to local MLS listing:
Investment highlights
1 New roof top unit installed 2023
Strong rental history
All infrastructure in place ( no need to develop a new site)
High visibility with 20,000+ ADT
Sharp residential growth within 2 miles of this site, many new apartment units
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