Shown from OneKey MLS. McGrath Realty does not represent this property. We can arrange to show it to you and represent you in buying it.
Building
20,000 SF
Site
2.05 acres
Price / SF
$99
NOI
$305,652
Zoning
HB
Stories
3
The offering
Lease or Lease with Option to Buy:
This 20,000 SF Professional Building is located right on busy Route 9 in Wappingers Falls NY, just minutes from Interstate 84. The immediate area is densely populated and within short drives to Hospitals, Colleges, iPark Industrial Center, IBM, Amazon, Farms and popular tourist locations like Roosevelt and Vanderbilt Mansions, the Culinary, Beacon, Rhinebeck and Trains to NYC. This building is well established and known as a location for Law firms, Engineering, Real Estate, Medical and other essential services. It is surrounded by shopping options, restaurants, and residential. You will also find that it is quite rare to find, in this area, a building of this size with ample parking and with the visibility and ease of access to route 9. The building is 95% occupied and there are significant upside opportunities to drive growth in revenue and profit. Becoming available shortly is a beautiful
4000 sf Suite at below market rent. Additional Information:
Building & site
Interest conveyedFee simple
Gross building area20,000 SF
Building typeOffice
Property typeOffice
Stories3
Land area2.05 acres
Land area, SF89,298 SF
WaterWell
SewerSeptic Tank
HeatNatural Gas, Forced Air
Tax parcel1356896157-04-704073-0000
Clear height8 ft
Number of buildings1
Parking spaces65
Electric utilityCentral Hudson
Zoning & permitted uses
District
HB
Permitted uses are governed by the Wappinger zoning code and should be confirmed with the municipality. Ask a broker for the district summary.
Income & tenancy
Gross income (as reported)
$305,652
Lease terms are summarized from the executed lease and should be independently verified against the document, which is available under confidentiality agreement along with the rent roll and operating statements. Income shown is gross as reported by the listing broker, not verified against an operating statement.
Aerial imagery
The outline is this property's tax parcel from the county assessment roll, over current aerial imagery. Boundaries are indicative and are not a survey.
Location, access & trade area
Trade area
Measure
Wappinger
Dutchess County
Population
28,252
299,963
Daytime population
22,085
277,925
Population density
1,003 / sq mi
377 / sq mi
Households
11,365
116,771
Median household income
$95,234
$94,725
Mean travel time to work
28 min
32 min
Median home value
$394,800
$444,000
Median gross rent
$1,708
$1,617
Unemployment (July 2026)
3.7%
Not stated
School districts
Arlington, Beacon, Marlboro, Newburgh, Wappingers
ZIP codes
12512, 12524, 12533, 12590, 12601, 12603
Municipal and county figures from the US Census American Community Survey (2024 5-year) and the Bureau of Labor Statistics. These are jurisdiction totals, not radius rings; ask a broker for a drive-time or radius study on a specific site.
Taxes & assessment
2024 taxes
$69,731
Assessed value
$2,293,200
Land assessment
$425,000
Full market value
$2,293,200
Owner of record
L P V LLC
School district
Wappingers
Property class
464 · Walk-up off
Estimated annual tax, 2025 roll
County and town
$12,639
School, Wappingers
$44,143
Special districts
$11,330
Estimated total
$68,112
The estimate is the assessed value at the current county, town, school and village rates. Not a bill: exemptions, and any change to the assessment or the rates, move it.
Assessment figures are taken from the municipal roll and should be independently verified. Annual tax bills are available on request.
