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    Route 9 Retail Opportunity Title is generated by Realmo AI

    1289 US-9, Wappingers Falls, NY 12590

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    Retail property with high visibility and accessibility on Route 9.

    Type:RETAIL
    Property size:
    19,500 SF
    Lot size:
    0.26 Acres
    Price / SF:
    $158/SF
    Added:
    Mar 21, 2024
    Days on Market:
    816
    Last Refresh:
    May 19 at 9:33 pm

    Property Features for 1289 US-9

    General Information

    Standard status
    Active
    Size
    19,500 SF
    Lot size
    0.26 Acres
    Property subtype
    RETAIL

    Properties For Sale

    at 1289 US-9 Contact us

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    Listing Contact
    Tom Cervone
    Tom Cervone

    Listing agent Tom Cervone

    Listing office CR Properties Group, LLC

    Listing date Mar 21, 2024

    Source Moodyscre

    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 CR Properties Group, LLC

    HighLights

    • U.S. Route 9 Frontage & Visibility
    • Near New Hamburg Metro‑North Railroad Station (access to Grand Central)
    • High Traffic Volume: 32,553 AADT on U.S. Route 9
    • Proximity to Interstate 84 & Newburgh‑Beacon Bridge
    • Located in Dutchess Community College South Campus Area
    • Near Adams Fairacre Farms

    Overview

    This retail property benefits from frontage and visibility on U.S. Route 9. It is located near the New Hamburg Metro-North Railroad Station, which provides access to Grand Central Terminal. The property is also situated in the vicinity of Dutchess Community College South Campus and Adams Fairacre Farms. Transportation routes include Interstate 84 and the Newburgh-Beacon Bridge. U.S. Route 9, from NYS Route 52 to County Route 28, experiences an average annual daily traffic (AADT) count of 32,553. Current co-tenants include Villa Picante, Tri-State Hearing LLC, Allset Consultants, Royalty Nail Salon, Joe Christiano's Pizza, 1800-GotJunk, Amy Gallagher Photography, Mel Mel Dental, and KBL Corp. The property has a size of 19,500 square feet.

    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 $372.1k $19.08
    − Vacancy −$15.6k −$0.80
    EGI $356.4k $18.28
    − OpEx −$106.9k −$5.48
    NOI $249.5k $12.80
    19,500 SF · lease $19.08/SF/yr · vacancy 4.20% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $3.56M
    $3.12M – $4.16M (±1% cap)
    NOI $249,503 @ 7.0% cap · market cap 8.05%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $5.87M
    $5.14M – $6.85M (±1% cap)
    NOI $410,889 @ 7.0% cap · market cap 13.25%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wappingers Falls
    County
    Dutchess
    State
    New York
    Longitude
    -73.9106
    Latitude
    41.576

    FAQs

    What type of property is this?
    Strip mall - Retail property with high visibility and accessibility on Route 9.
    Where is this strip mall located?
    The property is located at 1289 US-9 Wappingers Falls, NY.
    What is the asking price?
    The asking price for this property is $3,100,000.
    What are key features of this property?
    This property features: U.S. Route 9 Frontage & Visibility; Near New Hamburg Metro‑North Railroad Station (access to Grand Central); High Traffic Volume: 32,553 AADT on U.S. Route 9
    (845) 485-3100 Call to check price and availability
    More about this property
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