914-220-9740
1020 Center St, Horseheads, NY for Sale
Freestanding - FOR SALE
1/5
null | Request Cap Rate

1020 Center St
Horseheads, NY 14845


HIGHLIGHTS

  • High Traffic Location: Approximately 32,000 cars per day due to its location directly off Interstate 86/Hwy 17 exits
  • National and Regional Tenant Lineup: Tractor Supply, Ollie's Bargain Outlet, Family Dollar, CarQuest, H&R Block, Mariner Finance, Zoom Tan, Subway
  • Potential for Pad Site Development: Undeveloped pad & an additional 1.16-acre parcel are available for future development, offering additional upside
  • Excellent Visibility and Access: The shopping center is highly visible from Interstate 86 / Highway 17 and easily accessible from Center & Chemung St.
  • Established and Successful Center: Longstanding successful center with a proven track record with a Weighted Average Occupied Lease Term of 10.8 years
  • Upside Opportunity through Lease Up: One available unit totaling 24,000 SF

OVERVIEW

Grand Central Plaza is a 271,165-square-foot strip shopping center located at the Interstate 86 / Route 17 east and westbound exits with excellent visibility in the Village of Horseheads, in New York’s Southern Tier. The property is located on an approximately 20-acre parcel on Center Street and is anchored by Ollie’s Bargain Outlet, Tractor Supply, and Barton’s Home Outlet. Other tenants include Sky Gymnastics, Peter Harris Clothes, Family Dollar, Carquest, and GCP Discount Liquor and Wine. There are two pylon signs, as well as an electronic pylon sign. There is a Letter of Intent out with a regional tenant for 33,288 square feet and there is one available unit totaling 24,000 square feet. In addition, there is a potential pad site opportunity, and two vacant lots across from Chemung Street included in the sale, offering significant upside for an investor.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Grand Central Plaza (Ollie’s + Tractor Supply

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

1000

LAND DETAILS

LAND ACRES

21.7 AC

LAND SF

945,252 SF

ZONING

VH05

APN/PARCEL ID

073401-059-013-0003-003-000-0000

ASK ABOUT THIS PROPERTY

Joseph FrenchMarcus & MillichapMore Info
914-220-9740

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Joseph FrenchMarcus & MillichapMore Info
914-220-9740

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.