1289 South Rd Wappingers Falls, NY 12590
This exceptional 19,500 square foot multi-tenant retail center, located at 1289 South Rd, Wappingers Falls, NY 12590, presents a compelling investment opportunity. Boasting 90% occupancy and a prime location on US Route 9, this property benefits from high visibility and significant traffic volume (32,553 AADT). The center is strategically situated near Interstate 84 and the Newburgh-Beacon Bridge, providing excellent access for customers and employees. Its proximity to Dutchess Community College South Campus and Adams Fairacre Farms further enhances its appeal. The property also enjoys convenient access to the New Hamburg Metro-North Railroad Station, offering a commuter-friendly location. Current tenants include a diverse mix of businesses, ensuring a stable income stream. The asking price is $3,100,000, translating to $158.97 per square foot. This represents a strong value proposition in a thriving commercial corridor. This property is ideal for investors seeking a well-established, high-traffic retail investment with strong potential for future growth.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.