1630 Us-9 Wappingers Falls, NY 12590
- Lifestyle centers
- 8,000 SF
- 2.95 lot acres
Current Use by Public Records
- Lifestyle centers
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wappingers Falls
- County
- Dutchess
- State
- New York
- Longitude
- -73.9105
- Latitude
- 41.6002
