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Florida, NY - North Main Plaza

$2,512,000

162 N. Main Street, Florida, NY 10921

Active
Last Updated: 03/03/2024

6

Cap Rate

150,735

NOI

Details:
Cap Rate:    6%
NOI:    $150,735
Building Size:    8,879 sqft
Lot Area:    0.5 acres
Description:

• Opportunity to acquire North Main Plaza, a retail strip that has been serving the city of Florida for nearly 50 years
• Seller is willing to negotiate the sale of North Main Plaza and Meadow Shopping Center as a package deal (speak with agent for more details)
• The offering includes commercial suites as well as residential units
• Investor benefits from fee simple ownership of the building and land

• North Main Plaza is strategically located at the signalized, hard corner intersection of North Main Street and Meadow Road averaging 17,200 VPD
• The site is located in the primary thoroughfare serving Florida with surrounding tenants such as Dollar Tree, Ace Hardware, Mavis, Dunkin’, QuickChek, and more
• The asset has excellent visibility via street frontage and multiple points of access, providing ease and convenience for customers
• More than 170,000 residents and 74,000 employees support the trade area
• $145,340 average household income within a 3-mile radius

Map:
Location
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