Shopping Neighborhood
Commercial Drive Plaza
4640 Commercial Dr, New Hartford, NY 13413
Listing Price: Request For Offer
Investment Overview
Commercial Drive Plaza is a 30,941 square foot strip center located in the hub of the Greater Utica, New York Regional Trade Area. It was built in 1988 and renovated in 2006. It is well located at 4640 - 4666 Commercial Drive with traffic counts of 27,961 vehicles per day and is just one-quarter mile from Highway 840 with 29,411 vehicles per day. The center has excellent frontage and visibility with a signalized entrance.
The center has a strong mix of national, regional and local tenants well suited to the market including Men’s Wearhouse, Metro Mattress, Lafa Mediterranean, OneMain Financial, H&R Block and Nutrishop.
The center is 98.7 percent leased and has enjoyed a consistently strong leasing demand maintaining close to 100 percent occupancy levels.
The property is being auctioned via Ten-X.com on August 21-23, 2023. Visit the website for more information and to review property documents.
Commercial Drive Plaza
Investment Highlights
- Strong Performing, Retail Strip in the Heart of the Regional Retail Corridor with Long Term Tenancy and Consistently High Occupancy Even Throughout Covid and the 2008 Great Recession
- Strong Mix of National, Regional and Local Tenants Including Men's Wearhouse, Metro Mattress, H&R Block and OneMain Financial
- High Visibility Location on Commercial Drive (Route 5), the Area's Major Retail Corridor
- Adjacent to High Volume Olive Garden Restaurant with Cross-Easement Access
- Strong Demographics With Close to 100,000 People Within 5 Miles
- Serves a 30-Mile Trade Area
- Easy Access from Signalized Entrance
- Upside: Steady NOI Growth from In-Place Rent Bumps and Option Rent Increases
Listing Price: Request For Offer
Investment Highlights
- Strong Performing, Retail Strip in the Heart of the Regional Retail Corridor with Long Term Tenancy and Consistently High Occupancy Even Throughout Covid and the 2008 Great Recession
- Strong Mix of National, Regional and Local Tenants Including Men's Wearhouse, Metro Mattress, H&R Block and OneMain Financial
- High Visibility Location on Commercial Drive (Route 5), the Area's Major Retail Corridor
- Adjacent to High Volume Olive Garden Restaurant with Cross-Easement Access
- Strong Demographics With Close to 100,000 People Within 5 Miles
- Serves a 30-Mile Trade Area
- Easy Access from Signalized Entrance
- Upside: Steady NOI Growth from In-Place Rent Bumps and Option Rent Increases
Investment Overview
Commercial Drive Plaza is a 30,941 square foot strip center located in the hub of the Greater Utica, New York Regional Trade Area. It was built in 1988 and renovated in 2006. It is well located at 4640 - 4666 Commercial Drive with traffic counts of 27,961 vehicles per day and is just one-quarter mile from Highway 840 with 29,411 vehicles per day. The center has excellent frontage and visibility with a signalized entrance. The center has a strong mix of national, regional and local tenants well suited to the market including Men’s Wearhouse, Metro Mattress, Lafa Mediterranean, OneMain Financial, H&R Block and Nutrishop. The center is 98.7 percent leased and has enjoyed a consistently strong leasing demand maintaining close to 100 percent occupancy levels. The property is being auctioned via Ten-X.com on August 21-23, 2023. Visit the website for more information and to review property documents.
