Listing Summary
CR Properties Group is pleased to exclusively present a versatile, high-yielding commercial and residential development opportunity situated in the heart of Dutchess County’s most robust economic corridor.
Full Description
Prime Route 9 Development Site with In-Place Income for Sale – Wappinger, NY
Executive Investment Summary
CR Properties Group is pleased to exclusively present a versatile, high-yielding commercial and residential development opportunity situated in the heart of Dutchess County’s most robust economic corridor. The asking price is available upon request for this premier 9,702 SF multi-structure complex located directly on U.S. Route 9 in Wappinger, New York.
Representing the ultimate blend of immediate cash flow and long-term appreciation, this property operates as a highly lucrative Development Site with In-Place Income. Investors can collect strong, steady rental revenues from multiple commercial and residential units while navigating master plans, zoning approvals, or future ground-up development phases.
In-Place Income & Multi-Unit Asset Breakdown
The property features an exceptionally well-diversified tenant footprint across four separate, independent building structures. Combining a professional office presence with multiple multi-family residential setups, this configuration drastically minimizes vacancy risk and maximizes monthly yields.
Detailed Property Configuration:
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Professional Office Building: A freestanding 1,600± SF office space featuring a highly functional layout with three separate rooms—ideal for local professionals, medical practitioners, or corporate satellite offices.
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Residential Structure One: Features 2 distinct residential units, with 2 rooms each.
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Residential Structure Two: Features 2 distinct residential units, with 2 rooms each.
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Residential Structure Three: A high-capacity asset featuring 3 residential units (consisting of two 2-bedroom layouts and one expansive 4-bedroom layout).
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Total Portfolio Yield: A robust footprint of 1 Commercial Unit + 8 Residential Units.
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On-Site Vehicle Storage: A substantial 7-car garage providing premium storage space that can be rented out for additional ancillary income or utilized exclusively for property maintenance logistics.
Unrivaled Regional Logistics & Transit Connectivity
Positioned squarely on the Hudson Valley's primary north-south commercial artery, this Wappinger site offers exceptional commuter and logistics access, making it highly attractive to both residential tenants and business clienteles.
Proximity to Major Arteries & Crossings:
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Interstate 84: Located just 7 minutes (3.0 miles) away, linking the property directly to Connecticut, the New York State Thruway (I-87), and downstate commuting corridors.
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Newburgh-Beacon Bridge: Accessible in only 11 minutes (8.0 miles), providing an effortless connection to Orange County, the city of Newburgh, and major regional transit hubs like Stewart International Airport.
Supreme Retail Synergy & Neighboring Power Anchors
This development site sits directly within Wappinger's premier shopping and dining district. Future commercial tenants or high-density redevelopments will benefit from the massive, established daily traffic counts driven by highly successful national brands and legendary local anchors.
Immediate Area Retailers & Demand Generators:
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Automotive Giants: Hudson Valley Volvo, Hudson Valley Volkswagen, and Mid-Hudson Subaru.
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Home & Professional Services: Herzog's Home & Paint Centers, Guardian Self Storage, TEG Federal Credit Union, and Durants Party Rentals.
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Apparel & Specialty Retail: Talbots, Jos. A. Bank, Country Curtains, and Potter Brothers Ski & Snowboard.
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Local Dining Destinations: Farm to Table Bistro and a diverse array of neighboring culinary spots.
Core Investment Highlights:
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Immediate Cash Flow: 8 active residential units and 1 commercial office generating steady, in-place revenue from day one.
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Massive Development Potential: A prime U.S. Route 9 footprint ripe for future mixed-use expansion, higher-density residential development, or premium retail outparcels.
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High-Volume Vehicle Storage: Rare 7-car garage asset adds substantial value for operations or storage monetization.
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Elite Demographics: Situated in a high-growth, affluent Dutchess County community with an insatiable demand for quality rental housing and professional office suites.
Quick Glance
- Listing ID:
CL-New York-12644
- Status:
Active
- Year Build:
N/A
- Building Size:
2,200 SqFt
- Lot Size:
N/A