Property Details for 1630 Us-9

Lot size

2.95 lot acres

Property size

8,000 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional 8,000 square foot shopping center, situated on a 2.95-acre lot in Wappingers Falls, NY, presents a compelling investment opportunity. Currently occupied by a single tenant under a Net lease with 5 years remaining (expiring July 31, 2029), the property boasts 100% occupancy and a strong NOI of $85,347. The tenant, DC Sports, a family entertainment center, commenced its lease on July 1, 2015, and has recently invested in significant property improvements in 2023. The property features 195 feet of frontage on Route 9, providing exceptional visibility and accessibility. The location offers easy ingress and egress, with access from both Route 9 and New Hackensack Road. Zoned for Highway Business, this property offers significant redevelopment potential upon lease expiration. The asking price is $1,500,000, representing a price per square foot of $187.50 and a land value of $508,475 per acre. The property is a fee simple ownership and the building is a single-story Class B structure. Detailed financial information, including a rent schedule for the remaining lease term, is available upon request. This is a prime opportunity for investors seeking a stabilized investment with future redevelopment potential in a high-traffic location. The property's address is 1630 US-9, Wappingers Falls, NY 12590. The APN is 135689-6158-04-551329.

Location Insight

City

Wappingers Falls

County

Dutchess

State

New York

Longitude

-73.9105

Latitude

41.6002