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    1105 Route 9 Wappingers Falls, NY 12590

    For Sale
    $4,000,000

    High-yield retail/development site in Wappingers Falls, NY

    Property size:
    15,934 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 7.6-acre property in Wappingers Falls, NY, presents a lucrative redevelopment opportunity. Located on the highly trafficked Route 9, often referred to as the "golden mile," this site boasts a prime location within a thriving retail hub. The existing 15,934 square foot building, constructed in 1990, currently features a mix of retail tenants with a 25% occupancy rate and a modified lease structure with one year remaining on the primary lease. The property includes multiple canopy structures and a paved parking lot. The asking price is $4,000,000, translating to $251.04 per square foot. Zoned HB, this versatile property offers significant potential for redevelopment, expansion, or continued operation as a retail center. Surrounding businesses include various retail chains, restaurants, automotive dealerships, office spaces, hotels, and residential properties, ensuring high visibility and strong consumer traffic. The property's size and location make it ideal for a variety of uses, including power center expansion, retail pad development, or anchor tenant placement. This is a rare opportunity to acquire a significant income-producing asset with substantial upside potential in a prime retail corridor. The property's current income stream provides a solid foundation for future development plans. The one-story building sits on a large lot, offering ample space for expansion or redevelopment. This is a must-see for investors seeking a high-return opportunity in a dynamic market.

    Property Features for 1105 Route 9

    General Information

    Property type
    Power centers
    Square Feet
    15,934 SF
    Lot Size
    331,056 SF

    Building Details

    Year Built
    1990
    Stories
    1

    HighLights

    • Retail‑Hotel Power Center.
    • Power center with retail pad, anchor, and strip center components.
    • Currently vacant; suitable for owner‑user occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Power centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -73.9124674
    Latitude
    41.588439

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    FAQs

    What type of property is this?
    Power center - High-yield retail/development site in Wappingers Falls, NY
    Where is this power center located?
    The property is located at 1105 Route 9 Wappingers Falls, NY.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: Retail-Hotel Power Center.; Power center with retail pad, anchor, and strip center components.; Currently vacant; suitable for owner-user occupancy.
    Request Owner's contact information
    1105 Route 9 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
    1105 Route 9 Wappingers Falls, NY 12590
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