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1630 Route 9
2.95 Acres of Commercial Land Offered at $2,126,205 CAD 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
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per AC (CAD) |
|---|---|---|
| Gross Rental Income |
$178,095
|
$60,371.25
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$178,095
|
$60,371.25
|
| Taxes |
$24,427
|
$8,280.43
|
| Operating Expenses |
$32,691
|
$11,081.73
|
| Total Expenses |
$57,118
|
$19,362.16
|
| Net Operating Income |
$120,977
|
$41,009.09
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $178,095 |
| Annual Per AC | $60,371.25 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $178,095 |
| Annual Per AC | $60,371.25 |
| Taxes (CAD) | |
|---|---|
| Annual | $24,427 |
| Annual Per AC | $8,280.43 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $32,691 |
| Annual Per AC | $11,081.73 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $57,118 |
| Annual Per AC | $19,362.16 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $120,977 |
| Annual Per AC | $41,009.09 |
Property Facts
| Price | $2,126,205 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Retail |
| No. Lots | 1 | Total Lot Size | 2.95 AC |
| Property Type | Land |
| Price | $2,126,205 CAD |
| 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 | $2,126,205 CAD | Lot Size | 2.95 AC |
| Price Per AC | $720,747 CAD |
| Price | $2,126,205 CAD |
| Price Per AC | $720,747 CAD |
| 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.
PROPERTY TAXES
| Parcel Number | 135689-6158-04-551329-0000 | Total Assessment | $838,654 CAD |
| Land Assessment | $490,441 CAD | Annual Taxes | $24,427 CAD |
| Improvements Assessment | $348,213 CAD | Tax Year | 2023 |
PROPERTY TAXES
zoning
| Zoning Code | HO (Highway Business zoning) |
| HO (Highway Business zoning) |
-
Steven Salomone -
Tom LaPerch -
Houlihan Lawrence Commercial
Presented by
1630 Route 9
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