Property summary
This exceptional investment opportunity presents a thriving 59,233 square foot shopping center ideally situated in Wappingers Falls, New York. The property, encompassing two buildings known as Summerlin East (approximately 41,322 square feet) and Summerlin West (approximately 17,911 square feet), sits on a 6.85-acre lot at the northwest corner of Route 376 and Robinson Lane, directly across from Lake Walton Road and conveniently near the Taconic State Parkway. Boasting 200 parking spaces and an impressive 670 feet of frontage along Route 376, this multi-tenant property benefits from high visibility and significant traffic, with an average annual daily traffic count of 11,938 vehicles. The asking price is $10,975,000, translating to $185.29 per square foot. This NNN-leased property offers a strong investment opportunity in a desirable location with excellent access and high traffic volume. The property's address is 942 and 946 NY-376, Wappingers Falls, NY 12590, in Dutchess County. This retail center presents a compelling opportunity for investors seeking a well-positioned, multi-tenant asset in a thriving market.
Property profile
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Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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