Cold Spring, NY Only Plaza on US Rt 9 in Putnam County

Investment Overview

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: https://youtu.be/zT-6Y6VsTIQ Photography: https://crproperties.com/search-property-listings/?propertyId=CottiniSU 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.

Investment Highlights

• Property Highlights:
• Prime Route 9 Real Estate, High Visibility
• Only Shopping Center on Route 9 in all of Putnam County
• 14 Stores – 13 Offices
• Masonry / Frame Construction
• 12" Thick Block Wall Between All Stores
• All Stores Have Their Own Sewer Line To The Septic Tank
• Large Rear Yard To Build Garage & Parking
• All Units On Separate Meters for Electric & Gas
• Well Water, No Water Bill
• 30 Security Cameras
• 3 Phase Electric
• Tenants Pay For Garbage Pick Up
• Access Control For Second Floor Door Entry
• Automatic Lighting With Second Floor Door Entry
• Custom Made Entrance Sign
• Level Ground For Winter Peace Of Mind
• Covered Entryways
• Zero Steps Entry