Waterfront Mixed-Use
2778 Main St, Wappingers Falls, NY 12590
For Sale
$1,690,000
The property combines restaurant space, storefronts, several residences, and garage storage on a lakefront parcel.
Property Size10,000 SF
Lot Size1.20 Acres
Price / SF$169
Days on Market22
Property Features for 2778 Main St
General Information
Standard status
Size
Lot size
Additional Details
Furnished
Mixed-Use Components
Equipment Included
Taxes and HOA fees
Annual Taxes
Listing Agency:
Century 21 Alliance Rlty Group
(845) 297-4700
Listed By:
Alex Gutierrez
(845) 505-8500
Source:
Exprealty
Added: Oct 19
Changed: Nov 7
Last Checked: Nov 8 at 9:58AM
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 Century 21 Alliance Rlty Group
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Investment Insights
Based on property information with market context.
This 1.2-acre waterfront property brings together a restaurant with a bar and included furnishings and equipment, a two-unit storefront, and several residential spaces. The residential mix includes a three-bedroom duplex with a deck facing Wappingers Lake, a separate three-bedroom home with a garage and full basement, and a studio apartment. Garage storage bays and an additional structure are also part of the property; the latter is ready for renovation and reuse. Combined building area is just shy of 10,000 square feet.
Key Highlights
- 1.2‑acre waterfront mixed‑use property
- Restaurant includes bar, kitchen equipment, furniture, and other furnishings
- Two‑unit storefront
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$127,950
Cap Rate
7.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,559,000
$2.6M
Cap Rate 7%
$1,827,857
$1.8M
Cap Rate 9%
$1,421,667
$1.4M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$190.8K $19.08/SF
− Vacancy
−$8.0K −$0.80/SF
EGI
$182.8K $18.28/SF
− OpEx
−$54.8K −$5.48/SF
NOI
$128.0K $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%
$2,559,000
Cap Rate 7%
$1,827,857
Cap Rate 9%
$1,421,667
Alternative Uses
Best Use
Specialty Retail
$2.59M
$2.26M – $3.02M
NOI $181,062 @ 7.0% cap · market cap 10.71%
Second Best
Retail
$1.83M
$1.60M – $2.13M
NOI $127,950 @ 7.0% cap · market cap 7.57%
Theoretical Best
Office A
$3.01M
$2.63M – $3.51M
NOI $210,712 @ 7.0% cap · market cap 12.47%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
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Business Placement
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
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Market
Properties on Market for Mixed-use properties in Dutchess County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines restaurant space, storefronts, several residences, and garage storage on a lakefront parcel.
Where is this mixed-use property located?
The property is located at 2778 Main St Wappingers Falls, NY.
What is the asking price?
The asking price for this property is $1,690,000.
What are key features of this property?
This property features: 1.2‑acre waterfront mixed‑use property; Restaurant includes bar, kitchen equipment, furniture, and other furnishings; Two‑unit storefront
