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1630 Route 9 2.95 Acres of Commercial Land Offered at $750,000 in Wappingers Falls, NY 12590
INVESTMENT HIGHLIGHTS
- 2.95 acres on Route 9 right off of New Hackensack Road in Wappingers Falls
- Developable lot
- Through lot with access on route 9 through to New Hackensack R
- Great land-bank play with in place income
- 195 feet of frontage on Route 9
- Currently occupied by DC Sports on a month to month lease3. https://www.dcsportsny.com/attractions
EXECUTIVE SUMMARY
The property has future potential for development, and is ideal for retail, dining, entertainment, or other commercial ventures. Its prime location and existing infrastructure provide a unique opportunity for future growth and success. Great land-bank play while collecting rent from the current tenant.
Please contact Steve Salomone for more information. M: 914.329.0185 | E: SSalomone@houlihanlawrence.com
Please contact Steve Salomone for more information. M: 914.329.0185 | E: SSalomone@houlihanlawrence.com
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER AC |
|---|---|---|
| Gross Rental Income |
$125,643
|
$42,590.85
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$125,643
|
$42,590.85
|
| Taxes |
$17,233
|
$5,841.69
|
| Operating Expenses |
$23,063
|
$7,817.97
|
| Total Expenses |
$40,296
|
$13,659.66
|
| Net Operating Income |
$85,347
|
$28,931.19
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $125,643 |
| Annual Per AC | $42,590.85 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $125,643 |
| Annual Per AC | $42,590.85 |
| Taxes | |
|---|---|
| Annual | $17,233 |
| Annual Per AC | $5,841.69 |
| Operating Expenses | |
|---|---|
| Annual | $23,063 |
| Annual Per AC | $7,817.97 |
| Total Expenses | |
|---|---|
| Annual | $40,296 |
| Annual Per AC | $13,659.66 |
| Net Operating Income | |
|---|---|
| Annual | $85,347 |
| Annual Per AC | $28,931.19 |
PROPERTY FACTS
| Price | $750,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Retail |
| No. Lots | 1 | Total Lot Size | 2.95 AC |
| Property Type | Land | ||
| Zoning | HO - Highway Business zoning | ||
| Price | $750,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Retail |
| Total Lot Size | 2.95 AC |
| Zoning | HO - Highway Business zoning |
1 LOT AVAILABLE
Lot
| Price | $750,000 | Lot Size | 2.95 AC |
| Price Per AC | $254,237.29 |
| Price | $750,000 |
| Price Per AC | $254,237.29 |
| Lot Size | 2.95 AC |
The property which is a 2.95 acres parcel situated on Route 9 in Wappingers Falls, has high visibility and easy customer access with 195 feet of frontage on Route 9 and ingress/egress on both Route 9 and New Hackensack Road.
DESCRIPTION
2.95 acre parcel on Route 9. Tenant in place on a new month to month lease. Site is developable if desired in the future. Curb cuts on Route 9 and on New Hackensack Road.
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PROPERTY TAXES
| Parcel Number | 135689-6158-04-551329-0000 | Total Assessment | $628,400 (2024) |
| Land Assessment | $350,000 (2024) | Annual Taxes | $17,233 |
| Improvements Assessment | $278,400 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
135689-6158-04-551329-0000
Land Assessment
$350,000 (2024)
Improvements Assessment
$278,400 (2024)
Total Assessment
$628,400 (2024)
Annual Taxes
$17,233
Tax Year
2023
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1630 Route 9
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