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Property profile

240 Route 9D Wappingers Falls, NY 12601

OFF-MARKET
Retail properties & Spaces
4.39 ac lot
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Property summary

AI-generated overview

This exceptional 4.39-acre commercial land parcel, located at 240 Route 9D in Wappingers Falls, NY (zip code 12601), presents a unique investment opportunity. Situated in Dutchess County, this property boasts a highly desirable location within the region's commercial corridor, offering direct access to Route 9 and Route 9D, ensuring high visibility and accessibility. The property is zoned BH - Business Highway, allowing for flexible development options including medical, professional office buildings, retail, or multifamily uses. Full approvals are in place for a 40,000 sq. ft. medical or professional office building, making this a truly shovel-ready opportunity with minimal site work required. The level lot features excellent road frontage and visibility from a signalized intersection, shared with the Shopps at South Hills. Furthermore, the site benefits from municipal sewer, water, and natural gas services. High traffic counts are a significant advantage, with 13,670 AADT on Route 9D and 40,220 AADT at the intersection of Route 9 and Route 9D. The owner is open to build-to-suit options, providing further flexibility for potential buyers. The APN is 134689-6158-01-390820-0000. Asking price is $1,295,000.

Property profile

Verified
Property type Retail properties & Spaces
Lot 4.39 ac (191,228 SF)

Cap rate & NOI

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

Location

240 Route 9D Wappingers Falls, NY 12601
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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