1136 Us Highway 9 Wappingers Falls, NY 12590
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Prime Route 9 location, high ROI potential.
Property size:
20,035 SFProperty Features for 1136 Us Highway 9
General Information
- Property type
- Office Properties & Spaces
- Square Feet
- 20,035 SF
- Class
- B
- Lot Size
- 89,298 SF
Building Details
- Year Renovated
- 2024
- Buildings
- 1
- Stories
- 2
- Units
- 10
Listing Agency: Century 21 Alliance Rlty Group Listing Agent: John Demarco
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional two-story, 20,000 square foot executive office building is strategically located on Route 9 in Wappingers Falls, New York. Boasting 95% occupancy with ten tenants, this Class B property offers significant upside potential. The building, renovated in 2024, features 20,035 total square feet on a 2.05-acre lot, providing ample parking. Currently generating a NOI of $162,646, with a pro-forma NOI of $319,310, this presents a compelling 5.51% cap rate and a pro-forma cap rate of 10.82%. The asking price is $2,950,000, or $295,000 per unit, and $147.24 per square foot. The property is zoned HB and enjoys high visibility and easy access to Route 9, placing it within minutes of Interstate 84, hospitals, colleges, the iPark Industrial Center, IBM, Amazon, and numerous residential areas, shopping centers, and restaurants. Its prime location near popular tourist destinations like the Roosevelt and Vanderbilt Mansions further enhances its appeal. This is a rare opportunity to acquire a substantial, well-established office building in a thriving market with a strong tenant base and significant potential for increased profitability. The property's current occupancy is 95%, with a projected full occupancy date of November 12, 2024.
Property Profile
Location Intelligence
Current Use by Public Records
Commercial real estate
Location Insight
- Map
- Local Demand
- City
- Wappingers Falls
- County
- Dutchess
- State
- New York
- Longitude
- -73.9055089
- Latitude
- 41.565666
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FAQs
What type of property is this?
Office Property / Space - Prime Route 9 location, high ROI potential.
Where is this office property / space located?
The property is located at 1136 Us Highway 9 Wappingers Falls, NY.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: $2,950,000 asking price for this 20,000 square foot office building.; Located at 1136 US-9, Wappingers Falls, NY 12590, offering high visibility on Route 9.; Class B, multi-tenant building (10 units) with 95% occupancy, renovated in 2024.
