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St Lawrence Plaza 6300 State Highway 37

41,450 SF 100% Leased Retail Building Massena, NY 13662 £878,797 (£21/SF) 9% Net Initial Yield

Investment Highlights

  • 41,450 SF Retail Center Anchored by Ollie's Bargain
  • Immediate Upside in Leasing the Remaining 12% Vacancies
  • Well Below Replacement Costs at $26 PSF
  • Shadow Anchored by BJ's Wholesale Club
  • Ample Parking with Potential for Out Parcel Development

Executive Summary

41,450 SF Retail Center Anchored by Ollie's Bargain Shadow Anchored by BJ's Wholesale Club
Immediate Upside in Leasing the Remaining 12%Vacancies
Ample Parking with Potential for Out Parcel Development
Well Below Replacement Costs at $26 PSF
Former Grocery Box Adjacent to Center Also Available For Purchase
Adjacent to Massena International Airport

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Supermarket
Building Size
41,450 SF
Building Class
B
Year Built
1990
Price
£878,797
Price Per SF
£21
Net Initial Yield
9%
NOI
£79,092
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Loading Docks
2 Exterior
Building FAR
0.03
Land Acres
29.60 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
HC - Highway Commercial District
Parking
1,500 Spaces (36.19 Spaces per 1,000 SF Leased)
Frontage
228 ft on Rt 37 Hwy

Amenities

  • Bus Route
  • Pylon Sign
  • Signage

Links

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6300 State Highway 37, Massena, NY - aerial map view

PROPERTY TAXES

Parcel Number 405889-010-039-0001-003-000-0000 Improvements Assessment £429,617
Land Assessment £117,749 Total Assessment £547,366

PROPERTY TAXES

Parcel Number
405889-010-039-0001-003-000-0000
Land Assessment
£117,749
Improvements Assessment
£429,617
Total Assessment
£547,366
(248) 702-0288

  • Listing ID: 31873578

  • Date on Market: 21/05/2024

  • Last Updated:

  • Address: 6300 State Highway 37, Massena, NY 13662

The Retail Property at 6300 State Highway 37, Massena, NY 13662 is currently available For Sale. Contact Encore Real Estate Investment Services for more information.

Nearby Listings

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6300 State Highway 37, Massena, NY for sale Building Photo- Image 1 of 6
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6300 State Highway 37, Massena, NY for sale Building Photo- Image 2 of 6
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6300 State Highway 37, Massena, NY for sale Aerial- Image 5 of 6
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© 2024 CoStar Group

St Lawrence Plaza | 6300 State Highway 37
(248) 702-0288 x

St Lawrence Plaza | 6300 State Highway 37

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Deno Bistolarides

(248) 702-0288

(248) 702-0288

Evan Lyons

(248) 535-0354

(248) 535-0354

Joe Lopez

(248) 702-0728

(248) 702-0728

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