1105 Route 9 Wappingers Falls, NY 12590

Property Details for 1105 Route 9

Year built

1990

Lot size

7.60 lot acres

Property size

15,934 SF

Property type

Power centers

Property subtype

Retirement homes

Description

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.

Location Insight

City

Wappingers Falls

County

Dutchess

State

New York

Longitude

-73.9125

Latitude

41.5884