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Property profile

16-18 Myers Corners Rd Wappingers Falls, NY 12590

OFF-MARKET
Industrial properties
1,440 SF 21.19 ac lot
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Property summary

AI-generated overview

This exceptional 21.19-acre development opportunity in Wappingers Falls, NY, presents a unique chance to capitalize on a high-traffic location. The property, located at 16-18 Myers Corners Rd, features a 1,440 square foot existing structure and is priced at $500,000 ($347.22/sq ft). The site boasts excellent visibility from the busy Route 9 corridor, ensuring high exposure for any future development. The property comprises two parcels: one zoned CC (Conservation Commercial) and the other HB (Highway Business), offering flexibility for a variety of commercial uses. Nearby, significant demand generators include Adams Fairacre Farms, BJ's, Hannafords, Big Lots, Home Depot, USPS, and several major automotive dealerships. Utilities including water, sewer, and potentially gas are available. The property benefits from high traffic counts, with 45,496 vehicles daily on US Route 9 and 11,335 on Myers Corners Road. This is an ideal location for businesses seeking high visibility and convenient access to major roadways and a strong consumer base. The vacant property presents a blank canvas for creative development, offering significant potential for return on investment. The existing structure provides a potential starting point or immediate income stream. This is a rare opportunity to acquire a substantial development parcel in a thriving commercial area. The zip code is 12590.

Property profile

Verified
Property type Industrial properties
Total area 1,440 SF
Lot 21.19 ac (923,036 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

16-18 Myers Corners Rd Wappingers Falls, NY 12590
Wappingers Falls metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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