Redevelopment Opportunity on Route
1105 - 1115 Route 9 Wappingers Falls, NY 12590
1105 - 1115 Route 9, Wappingers Falls, NY, 12590
Contact for pricing
For Sale
Contact for pricing
Retail plaza with redevelopment potential on 7.6 acres.
Property Size15,934 SF
Lot Size7.60 Acres
Price / SF$251.04
Days on Market3408
Property Features for 1105 - 1115 Route 9
General Information
- Standard status
- Active
- Size
- 15,934 SF
- Lot size
- 7.60 Acres
- Property subtype
- Retail, Office, Hospitality, Mixed Use, Land, Senior Living
Building Details
- Year Built
- 1990
Listing agency
McGrath Realty Inc
Listed by
Mike Fitzgerald · License #NY 10401228039
Source
Crexi
Added: Mar 23, 2017 Updated: Jul 10 at 3:42PM Checked: Jul 21 at 6:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of McGrath Realty Inc
Investment Insights
Based on property information with market context.
This property presents a redevelopment opportunity with existing retail space. The former box retail plaza includes 15,934 square feet of retail space on 7.6 acres. Additional improvements feature multiple year-round canopy structures and a paved parking lot. The property is situated on Route 9, a major retail hub, surrounded by retail chain stores, plazas, fast food establishments, automotive dealerships, professional offices, recreational attractions, hotels, multi-family housing, warehouses, and self-storage properties. The property also induces current income and has two additional short-term retail tenants.
Key Highlights
- Exceptional redevelopment potential due to former retail plaza status.
- Located on the "Golden Mile" of Route 9, a major retail hub.
- Current income from existing retail tenants.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $304.0k | $19.08 |
| − Vacancy | −$12.8k | −$0.80 |
| EGI | $291.3k | $18.28 |
| − OpEx | −$87.4k | −$5.48 |
| NOI | $203.9k | $12.80 |
15,934 SF · lease $19.08/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.91M
$2.55M – $3.40M
NOI $203,876 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.80M
$4.20M – $5.60M
NOI $335,749 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Shopping centers
Similar For Sale Nearby
FAQs
What type of property is this?
Shopping center - Retail plaza with redevelopment potential on 7.6 acres.
Where is this shopping center located?
The property is located at 1105 - 1115 Route 9 Wappingers Falls, NY.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Exceptional redevelopment potential due to former retail plaza status.; Located on the "Golden Mile" of Route 9, a major retail hub.; Current income from existing retail tenants.
