I-84, Exit 13, U.S. Route 9 South to Philipstown Square
Opposite Fishkill Road aka CR 10 Traffic Signal
Interstate 84, Exit 13 – (5 Minutes / 2.5 Miles)
NYS Route 301 – (5 Minutes / 2.5 Miles)CR Properties Group is pleased to present a compelling opportunity to acquire three buildings in one. Philipstown Square, located at 3182 U.S. Route 9 corridor in Philipstown, NY. is an established 25,000± SF, two-story professional office and retail center is situated on 2.92 ± acres. A Hudson Highlands gem located in close proximity to New York City. The property is occupied by a diverse mix of retail, service and professional tenants with 14 storefronts, 13 office suites and benefits from approximately 15,291 vehicles per day along Route 9.
Reasons To Invest
· Well Maintained Shopping Center on busy Route 9 with High Visibility
· Striking Roof Design, Low Maintenance Investment Property
Youtube Drone Video:
Photography:
Cold Spring Metro-North Train Station: (10 Minutes / 4.6 Miles)
Cold Spring Train Station to Grand Central Terminal: 1 Hour & 27 Minutes
Co-Tenants:
B&L Deli, Fred Astaire Dance Studio, Spooner & Mekeel Attorneys at Law, Chic x Nail Carlo's Pizza, Cold Spring Fish, Grey Painting, Soho Salon, Highland Wine & Liquor & more
25,000 SF RETAIL & OFFICE CENTER STRIP
A Compelling Opportunity To Acquire Three Buildings In One On The Same Lot
Nothing Else Like It, Built 1975
Two Separate Buildings With Infill Building Added In 2010
Where The Two Existing Buildings Were Completely Redone
New Windows & Doors / Plumbing / Electrical
HVAC Maintained, Free Siding 45 Year Roof
Investment Opportunity
The combination of an established tenant base, multiple retail and office income streams, below-market rents, significant prior capital improvements and highly visible Route 9 positioning makes the property well suited for an investor, owner-user, or value-add purchaser. The property's diversified unit configuration provides an opportunity to spread vacancy risk across numerous tenants while allowing a new owner to pursue rental growth as leases renew. The large rear yard may also provide additional flexibility for parking, storage, garage construction or other future improvements, subject to zoning and municipal approvals.Lease space today in a beautiful two-story professional retail / office neighborhood center located in the town of Philipstown, occupied by a variety of tenants. Commuter service to New York City is available via the Metro-North Hudson Line, Cold Spring Train Station to Grand Central Terminal. The site is in close proximity to Main Street in the Village of Cold Spring where there is a vibrant atmosphere for shopping, eateries, events, and more.
Co-Tenants:
B&L Deli, Fred Astaire Dance Studio, Spooner & Mekeel Attorneys at Law, Chic x Nail Carlo's Pizza, Cold Spring Fish, Grey Painting, Soho Salon, Highland Wine & Liquor & more
Highlights
20,720 ± SF Total
2-Story Professional Retail / Office Center
Separate Electric
Separate Propane Heating
Storefronts / Retail / Office
U.S. RT 9 / Cold Spring, NY Area
True
5 Spaces Available
2nd Floor Suite
Space Type
Freestanding
Lease Rate
$2,400.00/MO
Total Space
1,350 SF
Divisible Space
1,350 - 1,350 SF
Available Date
Immediate
Lease Type
Full Service
Renewal Option
Yes
Sublease
No
3 offices @ $800 each
2nd Floor Suite
Space Type
Freestanding
Lease Rate
$825.00/MO
Total Space
450 SF
Divisible Space
450 - 450 SF
Available Date
Immediate
Lease Type
Full Service
Renewal Option
Yes
Sublease
No
Office w/ Private Bathroom
2nd Floor Suite
Space Type
Freestanding
Lease Rate
$750.00/MO
Total Space
450 SF
Divisible Space
450 - 450 SF
Available Date
Immediate
Lease Type
Full Service
Renewal Option
Yes
Sublease
No
Storefront
Space Type
General Office
Lease Rate
$2,300.00/MO
Total Space
1,300 SF
Divisible Space
1,300 - 1,300 SF
Available Date
Immediate
Lease Type
Full Service
Renewal Option
Yes
Sublease
No
Storefront
Space Type
Freestanding
Lease Rate
$1,950.00/MO
Total Space
1,000 SF
Divisible Space
1,000 - 1,000 SF
Available Date
Immediate
Lease Type
Full Service
Renewal Option
Yes
Sublease
No
Contacts
Thomas M. Cervone
CR Properties Group
Location
Located at 3182 Route 9, Cold Spring, NY 10516, this property is part of the North Highland
neighborhood and White Plains market.
The average rental rate for this retail space is $1,645.00/MO, with rates starting at $750.00/MO.
Cold Spring, NY Only Plaza on US Rt 9 in Putnam County totals 25,000 SF.
There are 5 Freestanding
and General Office spaces for rent.The total retail space available is 4,550 SF.
Parking information for the property isn't currently listed.
However, other nearby parking options include Incline Railroad Parking, located 3.09 miles away
,
and Washburn Trailhead, which is 3.29 miles away.