Skip to main content

Shopping Neighborhood

Tops Plaza - Norwich

54 E Main Street, Norwich, NY 13815

Listing Price: $2,690,000

Cap Rate
9.23%
Gross SF
85,453
Rentable SF
85,453
Price/Gross SF
$31.48
Lot Size
1.96 acres
Year Built
1997

Investment Overview

Marcus & Millichap is pleased to exclusively offer Tops Plaza, an 85,453-square-foot grocery-anchored neighborhood shopping center ideally located in downtown Norwich, Chenango County, New York, on East Main Street, one block from the central business district’s main retail street. The center is anchored by a 58,653-square-foot Tops Markets, and is co-tenanted by Dollar Tree, American Renal Associates, United Health Care Services and Rent-A-Center. There are two available units totaling 3,700 square feet providing upside through lease up for an investor. The property has frontage on East Main Street with additional access from Front Street and Birdsall Street. It is the only significant retail center serving the in-town market and is in walking distance to numerous professional offices and smaller commercial developments, as well as single-family homes on mostly one-quarter to half acre lots. Norwich’s main downtown retail corridor is North and South Broad Street (Route 12) in the heart of the city. It is a vibrant mix of multi-storied downtown shops with a wide range of specialty shops, a free-standing Walgreens, and restaurants as well as service businesses. There are 5 shopping centers in the competitive market area with 4 centers located on Route 12 plus the Subject Property located just off Route 12 on East Main Street.Marcus & Millichap is pleased to exclusively offer Tops Plaza, an 85,453-square-foot grocery-anchored neighborhood shopping center ideally located in downtown Norwich, Chenango County, New York, on East Main Street, one block from the central business district’s main retail street. The center is anchored by a 58,653-square-foot Tops Markets, and is co-tenanted by Dollar Tree, American Renal Associates, United Health Care Services and Rent-A-Center. There are two available units totaling 3,700 square feet providing upside through lease up for an investor. The property has frontage on East Main Street with additional access from Front Street and Birdsall Street. It is the only significant retail center serving the in-town market and is in walking distance to numerous professional offices and smaller commercial developments, as well as single-family homes on mostly one-quarter to half acre lots. Norwich’s main downtown retail corridor is North and South Broad Street (Route 12) in the heart of the city. It is a vibrant mix of multi-storied downtown shops with a wide range of specialty shops, a free-standing Rite Aid, and restaurants as well as service businesses. There are 5 shopping centers in the competitive market area with 4 centers located on Route 12 plus the Subject Property located just off Route 12 on East Main Street.

Investment Highlights

  • Anchored by Tops Markets and Featuring Dollar Tree and Rent-a-Center, and Two Medical Tenants
  • Both Tops Markets and Dollar Tree Recently Extended Their Lease Terms
  • Low Purchase Price of $31.48 Per Square Foot
  • The Soon to be Merged Price Chopper and Tops Markets will be a Regional Powerhouse with Nearly 300 Stores in Six States Generating $5.5 Billion in Annual Sales.
  • Well Configured, Attractive Center
  • Excellent Visibility and Access on Main Street
  • Upside Through Lease Up of Two Available Units totaling 3,700 SF

Exclusively Listed By

  • Joseph French Jr.

    Licensed Associate Real Estate Broker

    (914) 220-9740

    Email Joseph

    License(s): PA: AB067393, NY: 10301207036, MA: 138295, CT: REB.0239741, NJ: 9210310

    Westchester

  • Thomas Dalzell

    Licensed Real Estate Salesperson

    (914) 220-9743

    Email Thomas

    License(s): NY: 10401232983

    Westchester

Financing By

Shopping Neighborhood

Tops Plaza - Norwich

Listing Price: $2,690,000

Cap Rate
9.23%
Gross SF
85,453
Rentable SF
85,453
Price/Gross SF
$31.48
Lot Size
1.96 acres
Year Built
1997

Investment Highlights

  • Anchored by Tops Markets and Featuring Dollar Tree and Rent-a-Center, and Two Medical Tenants
  • Both Tops Markets and Dollar Tree Recently Extended Their Lease Terms
  • Low Purchase Price of $31.48 Per Square Foot
  • The Soon to be Merged Price Chopper and Tops Markets will be a Regional Powerhouse with Nearly 300 Stores in Six States Generating $5.5 Billion in Annual Sales.
  • Well Configured, Attractive Center
  • Excellent Visibility and Access on Main Street
  • Upside Through Lease Up of Two Available Units totaling 3,700 SF

Investment Overview

Marcus & Millichap is pleased to exclusively offer Tops Plaza, an 85,453-square-foot grocery-anchored neighborhood shopping center ideally located in downtown Norwich, Chenango County, New York, on East Main Street, one block from the central business district’s main retail street. The center is anchored by a 58,653-square-foot Tops Markets, and is co-tenanted by Dollar Tree, American Renal Associates, United Health Care Services and Rent-A-Center. There are two available units totaling 3,700 square feet providing upside through lease up for an investor. The property has frontage on East Main Street with additional access from Front Street and Birdsall Street. It is the only significant retail center serving the in-town market and is in walking distance to numerous professional offices and smaller commercial developments, as well as single-family homes on mostly one-quarter to half acre lots. Norwich’s main downtown retail corridor is North and South Broad Street (Route 12) in the heart of the city. It is a vibrant mix of multi-storied downtown shops with a wide range of specialty shops, a free-standing Walgreens, and restaurants as well as service businesses. There are 5 shopping centers in the competitive market area with 4 centers located on Route 12 plus the Subject Property located just off Route 12 on East Main Street.Marcus & Millichap is pleased to exclusively offer Tops Plaza, an 85,453-square-foot grocery-anchored neighborhood shopping center ideally located in downtown Norwich, Chenango County, New York, on East Main Street, one block from the central business district’s main retail street. The center is anchored by a 58,653-square-foot Tops Markets, and is co-tenanted by Dollar Tree, American Renal Associates, United Health Care Services and Rent-A-Center. There are two available units totaling 3,700 square feet providing upside through lease up for an investor. The property has frontage on East Main Street with additional access from Front Street and Birdsall Street. It is the only significant retail center serving the in-town market and is in walking distance to numerous professional offices and smaller commercial developments, as well as single-family homes on mostly one-quarter to half acre lots. Norwich’s main downtown retail corridor is North and South Broad Street (Route 12) in the heart of the city. It is a vibrant mix of multi-storied downtown shops with a wide range of specialty shops, a free-standing Rite Aid, and restaurants as well as service businesses. There are 5 shopping centers in the competitive market area with 4 centers located on Route 12 plus the Subject Property located just off Route 12 on East Main Street.

Exclusively Listed By

  • Joseph French Jr.

    Licensed Associate Real Estate Broker

    (914) 220-9740

    Email Joseph

    License(s): PA: AB067393, NY: 10301207036, MA: 138295, CT: REB.0239741, NJ: 9210310

    Westchester

  • Thomas Dalzell

    Licensed Real Estate Salesperson

    (914) 220-9743

    Email Thomas

    License(s): NY: 10401232983

    Westchester

Financing By

MM Texture Background
MM Textured Background Lower