1083 Route 9 - Retail FOR SALE


Fishkill, NY 12524
$10,600,000 USD
845-729-4211
1083 Route 9, Fishkill, NY for Sale
$10,600,000 USD
Retail - FOR SALE
1/15
null | 6.94% Cap Rate

1083 Route 9
Fishkill, NY 12524


HIGHLIGHTS

  • 100% net leased retail plaza with long term national tenants
  • 41,607 SF comprised of 4 tenant buildings plus 1 utility building
  • 9.93 AC
  • 9 small apartments on 2nd floor & an auxiliary utility building in the back
  • Very good condition, well maintained, no deferred maintenance

OVERVIEW

Houlihan Lawrence Commercial is pleased to present the exclusive opportunity to acquire Lawrence Farms Market Square, a 100% occupied, institutional-quality retail shopping plaza located along the premier Route 9 commercial corridor in Fishkill, NY. This institutional asset delivers immediate, highly reliable cash flow backed by stable, long-term national retail brands, paired with a built-in residential multi-family component. The property offers an investor a unique "hybrid" defensive cash flow structure: 83% of the Net Operating Income (NOI) is derived from secure net-leased retail tenants, while 17% is driven by 9 fully leased apartments on the second floor. Spanning an expansive 9.93-acre site with zero deferred maintenance, this turnkey asset represents a premier footprint in one of the Hudson Valley's most resilient retail markets The plaza occupies a highly visible, strategic position along Route 9, which serves as the primary commercial and retail spine of the mid-Hudson Valley region. It is positioned directly in front of the Lawrence Farms residential community.

FOR SALE DETAILS

PRICE

$10,600,000 USD

PRICE/SF

$212 USD /SF

CAP RATE

6.94%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lawrence Farms Market Square | Trophy Asset

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

9.93 AC

LAND SF

432,551 SF

ZONING

HB2A

APN/PARCEL ID

135689-6156-02-710924-0000

ASK ABOUT THIS PROPERTY

Tom LaPerchHoulihan Lawrence CommercialMore Info
845-729-4211

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Tom LaPerchHoulihan Lawrence CommercialMore Info
845-729-4211

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.