Retail Shopping Center For
1289 South Rd Wappingers Falls, NY 12590
1289 South Rd, Wappingers Falls, NY, 12590
Contact for pricing
For Sale
Contact for pricing
Retail shopping center with U.S. Route 9 frontage and visibility.
Property Size19,500 SF
Price / SF$158.97
Days on Market1669
Property Features for 1289 South Rd
General Information
- Standard status
- Active
- Size
- 19,500 SF
- Property subtype
- Retail
Listing Agency
CR Properties Group LLC
(845) 485-3100
Listed by
Thomas Cervone · License #NY 49CE0922865
Source
Crexi
Added: Dec 21, 2021 Checked: Jul 16 at 6:26 am
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
Investment Insights
Based on property information with market context.
This retail shopping center is located off of U.S. Route 9 in Wappingers Falls, NY. The location is centrally situated in a commercial, retail, and residential corridor, near Dutchess Community College South. Transportation routes include Interstate 84 and the Newburgh-Beacon Bridge. The property benefits from frontage and visibility on U.S. Route 9. The location is near the New Hamburg Metro-North Railroad Station to Grand Central and Adams Fairacre Farms. U.S. Route 9 from NYS Route 52 to County Route 28 has an AADT of 32,553. 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 contains 19,500 square feet.
Key Highlights
- U.S. Route 9 Frontage & Visibility
- Centrally located in a commercial, retail, and residential corridor
- Near New Hamburg Metro‑North Railroad Station to Grand Central
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
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
NOI $410,889 @ 7.0% cap · market cap 13.25%
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
Similar Off Market Nearby
- Lafayette Plaza — 1671 US-9, Wappingers Falls, NY 12590, United States
- Hannoush Plaza — 1659 US-9, Wappingers Falls, NY 12590
- 1839 South Rd LLC — 1839 South Rd, Wappingers Falls, NY 12590
- 9 Mall — 1816 South Rd, Poughkeepsie, NY 12601
- Westside Plaza — 1817 South Rd, Wappingers Falls, NY 12590
FAQs
What type of property is this?
Shopping center - Retail shopping center with U.S. Route 9 frontage and visibility.
Where is this shopping center located?
The property is located at 1289 South Rd 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; Centrally located in a commercial, retail, and residential corridor; Near New Hamburg Metro‑North Railroad Station to Grand Central
