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new lease- Casa Amigo Mexican Cantina 1515 Route 9 3,387 SF 100% Leased Retail Building Wappingers Falls, NY 12590 $2,470,871 CAD ($729.52 CAD/SF)
Investment Highlights
- Current tenant is adding a second story to the building which will substantially increase the seating capacity.
Executive Summary
New offering for sale- solid investment opportunity - 4,000 sq.ft. restaurant facility in process of renovations and which was recenty approved by the town to expand. Construction to be completed by end of summer,possibly before. Attached offering brochure has plans. Seating will be 138 inside and 44 seats for seasonal outside dining . All public utilities, and zoned commercial, HB, Highway Business. 3 curb cuts: 2 on Rt. 9 and 1 on Old Rt. 9. Tenant has 3 locations; LaGrange, Kerhonkson and now Wappingers. Rental and lease info availabe upon request to the broker who will send out for signature a Confidentiality Agreement ( CA)and upon receiving, will send over the lease. Price for the property containg 1.23 acres and building is $1,795,000. Walt 845-705-0994 wfinnerman@bhhshudsonvalley.com
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,387 SF
Building Class
C
Year Built
2011
Price
$2,470,871 CAD
Price Per SF
$729.52 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.06
Lot Size
1.23 AC
Zoning
HB2A
Parking
60 Spaces (17.71 Spaces per 1,000 SF Leased)
Frontage
415’ on Route 9
Amenities
- 24 Hour Access
- Pylon Sign
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 135689-6158-04-572057-0000 | Improvements Assessment | $573,892 CAD |
| Land Assessment | $597,949 CAD | Total Assessment | $1,171,842 CAD |
Property Taxes
Parcel Number
135689-6158-04-572057-0000
Land Assessment
$597,949 CAD
Improvements Assessment
$573,892 CAD
Total Assessment
$1,171,842 CAD
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new lease- Casa Amigo Mexican Cantina | 1515 Route 9
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