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1630 Route 9 2.95 Acres of Commercial Land Offered at $1,500,000 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
- Currently occupied by DC Sports on a new 5-year NNN lease3. https://www.dcsportsny.com/attractions
- 195 feet of frontage on Route 9
- Tenant has made major investments to the site.
EXECUTIVE SUMMARY
The current tenant, DC Sports, offers entertainment options for all ages. The tenant provides a steady stream of income on a new 5 year lease, making this an ideal income investment. The lease has annual rent escalations. 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. Details on the rent schedule and lease terms are available by contacting the listing broker.
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 | $1,500,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Retail |
| No. Lots | 1 | Total Lot Size | 2.95 AC |
| Property Type | Land |
| Price | $1,500,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Retail |
| Total Lot Size | 2.95 AC |
1 LOT AVAILABLE
Lot
| Price | $1,500,000 | Lot Size | 2.95 AC |
| Price Per AC | $508,474.58 |
| Price | $1,500,000 |
| Price Per AC | $508,474.58 |
| 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 5-year 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 | $598,500 |
| Land Assessment | $350,000 | Annual Taxes | $17,233 |
| Improvements Assessment | $248,500 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
135689-6158-04-551329-0000
Land Assessment
$350,000
Improvements Assessment
$248,500
Total Assessment
$598,500
Annual Taxes
$17,233
Tax Year
2023
ZONING
| Zoning Code | HO (Highway Business zoning) |
| HO (Highway Business zoning) |
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1630 Route 9
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