129 Clove Branch RdHopewell Junction, NY 12533

Property Details for 129 Clove Branch Rd

Year built

2004

Lot size

3.34 AC

Property size (Sq ft)

8,200 SF

Zone code

B1

Property type

Investment properties

Property subtype

Retail residential properties

APN

132800 6458-04-663142-0000

APU

9223372036854775807

Description

This exceptional 16,000 square foot commercial property in Hopewell Junction, NY, offers a unique blend of medical and traditional office space, along with self-storage units. Situated on a 3.3-acre lot at 129 Clove Branch Road in East Fishkill, this Class B building boasts convenient access to major transportation arteries, including the Taconic State Parkway (4 minutes away) and Interstate 84 (6 miles). The property features over 300 feet of frontage on County Route 29, providing excellent visibility and accessibility. Enjoy scenic views of Red Wing Park. The building is fully handicap accessible, with a convenient walk-in entrance and ample on-site parking. Currently, 2,000 square feet of space is available for lease, with a minimum divisible unit size of 1,000 square feet and a maximum contiguous space of 1,000 square feet. The property is zoned B-1: General Business District within Dutchess County, offering diverse business opportunities. This multi-tenant building presents a fantastic opportunity for businesses seeking a well-located and versatile space. The combination of office and storage options makes this property ideal for a variety of uses.

• CAP approach

  CAP return

  Valuation

  6%

  $1,854,752

  6.5%

  $1,712,079

  7%

  $1,589,788

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,662,930

  Geo Method

  $1,660,689

• Alternative Use

  Use

  Valuation

  Residential

  $1,712,079

  Hospitality

  $1,568,255

  Educational

  $1,304,770

  Medical

  $1,349,643

  Retail

  $2,029,642

Location Insight

City

Hopewell Junction

County

Dutchess

State

New York

Latitude

41.5945

Longitude

-73.797

CBSA code

39100

CBSA name

POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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