271 Titusville RdPoughkeepsie, NY 12603

Property Details for 271 Titusville Rd

Year built

1950

Lot size

1.09 AC

Property size (Sq ft)

10,030 SF

Property type

Retail properties

Description

This exceptional mixed-use property in Poughkeepsie, NY, presents a rare investment opportunity. The 10,030 square foot building sits on a 1.09-acre lot and boasts a well-established, highly successful restaurant and a five-unit apartment building. The restaurant features a large covered patio, a bar, and two spacious dining rooms, equipped with two walk-in freezers, coolers, a full kitchen, and a hood system. The apartment building comprises one two-bedroom unit, two one-bedroom units, and one studio apartment, each with separate utilities. A dedicated septic system and municipal water supply serve both the restaurant and apartments. Ample parking is available in a large lot, easily accommodating residents, staff, and restaurant patrons. The property enjoys a central location with excellent visibility, contributing to its strong financial performance. The property has generated an annual net operating income (NOI) exceeding $80,000. The current owner, after nearly fifty years of ownership, is offering this impeccably maintained property for sale. This is a truly unique opportunity for a savvy investor seeking a high-performing, established business with significant upside potential.

Location Insight

City

Poughkeepsie

County

Dutchess County

State

New York

Latitude

41.6589

Longitude

-73.8523

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