Shopping Center with Road
For Sale
Contact for pricing
1289 US-9, Wappingers Falls, NY 12590
The center includes established co-tenants near transit, higher education, retail destinations, and regional transportation routes.
Property Size19,500 SF
Price / SF$158.97
Days on Market939
Property Features for 1289 US-9
General Information
Standard status
Active
Size
19,500 SF
Property subtype
RETAIL
Site & Location
Anchor Co-Tenants
Villa Picante, Tri-State Hearing LLC, Allset Consultants, Royalty Nail Salon, Joe Christiano's Pizza, 1800-GotJunk, Amy Gallagher Photography, Mel Mel Dental, KBL Corp
Traffic Count
32,553 vehicles/day
Listing Agency:
CR Properties Group, LLC
(845) 485-3100
Listed By:
Tom Cervone
Source:
Moodyscre
Added: Mar 21, 2024
Changed: Oct 3
Last Checked: Oct 15 at 2:01AM
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 19,500-square-foot shopping center fronts U.S. Route 9 in Wappingers Falls, placing the property along an established commercial corridor. The site is near New Hamburg Metro-North Railroad Station, Dutchess Community College’s South Campus, and Adams Fairacre Farms.
Regional connectivity includes Interstate 84 and the Newburgh-Beacon Bridge, while U.S. Route 9 between NYS Route 52 and County Route 28 records 32,553 AADT. Existing 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.
Regional connectivity includes Interstate 84 and the Newburgh-Beacon Bridge, while U.S. Route 9 between NYS Route 52 and County Route 28 records 32,553 AADT. Existing 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.
Key Highlights
- 19,500 square feet of shopping center space along U.S. Route 9
- Road frontage and visibility on U.S. Route 9
- 32,553 AADT on U.S. Route 9 from NYS Route 52 to County Route 28
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$249,503
Cap Rate
8.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,990,060
$5.0M
Cap Rate 7%
$3,564,329
$3.6M
Cap Rate 9%
$2,772,256
$2.8M
Market Conditions
NOI Build-Up for 19,500 SF
Gross rent
$372.1K $19.08/SF
− Vacancy
−$15.6K −$0.80/SF
EGI
$356.4K $18.28/SF
− OpEx
−$106.9K −$5.48/SF
NOI
$249.5K $12.80/SF
Area
Dutchess County, NY
Vacancy
4.20%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,990,060
Cap Rate 7%
$3,564,329
Cap Rate 9%
$2,772,256
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 authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
32,553 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
271
Businesses Nearby
15k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 90%
Shops & Services 10%
Tractor Supply Co.
Home Improvements & Furnishings
13,973 visits/mo
0.1 miles
Mavis Discount Tire
Shops & Services
748 visits/mo
0.2 miles
Monro Auto Service and Tire Centers
Shops & Services
727 visits/mo
0.4 miles
Demographics for 12590, NY
37,051
Population
14,563
Households
2.5
Avg Household Size
43
Median Age
36%
College-Educated
92%
High-School Grad
34.8 sq mi
ZIP Area
1,065
Density / Sq Mi
$98,252
Median Household Income
$52,861
Median Earnings
$1,674
Median Rent
$365,900
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- Southside Plaza — 1315 US-9 #201, Wappingers Falls, NY 12590
- Alpine Commons Shopping Ctr — 1357-1404 US-9, Wappingers Falls, NY 12590
Frequently Asked Questions
What type of property is this?
Shopping center - The center includes established co-tenants near transit, higher education, retail destinations, and regional transportation routes.
Where is this shopping center 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: 19,500 square feet of shopping center space along U.S. Route 9; Road frontage and visibility on U.S. Route 9; 32,553 AADT on U.S. Route 9 from NYS Route 52 to County Route 28
