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    962 Ny-376 Wappingers Falls, NY 12590

    Sponsored
    For Lease
    $24 SF/Yr

    High-traffic retail space in Wappingers Falls, NY

    Lot size:
    1,308 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This prime retail property, located at 962-985 Route 376 in Wappingers Falls, NY (zip code 12590), offers a unique investment opportunity in a thriving commercial corridor. The property is a neighborhood shopping center boasting high visibility and strong daily traffic counts due to its location on busy Route 376. The center is anchored by a diverse mix of established businesses, including McDonald's, a CrossFit gym, a physical therapy center, an Allstate Insurance office, a deli, an Italian restaurant, a dance studio, a countertop company, a Chinese restaurant, and a florist. This established tenant mix provides a stable income stream and a strong foundation for future growth. The property also benefits from its adjacency to the Goddard School, further enhancing its appeal and foot traffic. A prominent Route 376 pylon sign provides excellent visibility for tenants. Adding to the investment potential, three separate pads are available for ground lease, presenting additional opportunities for development and revenue generation. This well-positioned retail center offers a compelling combination of established tenants, high visibility, and significant growth potential. The property's location in Wappingers Falls, New York, provides access to a strong local market and convenient access to major transportation routes.

    Property Features for 962 Ny-376

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,308 SF

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    1,308 SF
    Rate per SF
    $24

    HighLights

    • 962‑985 Route 376, Wappingers Falls, NY 12590: Prime retail center in a high‑traffic location.
    • Strong tenant mix including national and local businesses, providing stable income.
    • Three available pads for ground lease, offering expansion opportunities.
    • High visibility due to Route 376 location and pylon signage.
    • Adjacent to Goddard School, increasing foot traffic.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop 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
    -73.835243
    Latitude
    41.609336

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail space in Wappingers Falls, NY
    Where is this retail property located?
    The property is located at 962 Ny-376 Wappingers Falls, NY.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: 962-985 Route 376, Wappingers Falls, NY 12590: Prime retail center in a high-traffic location.; Strong tenant mix including national and local businesses, providing stable income.; Three available pads for ground lease, offering expansion opportunities.
    Request Owner's contact information
    962 Ny-376 Wappingers Falls, NY 12590
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    Wappingers Falls, NY 12590
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    962 Ny-376 Wappingers Falls, NY 12590
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