848 Violet AveHyde Park, NY 12538

Property Details for 848 Violet Ave

Year built

1960

Lot size

0.54 AC

Property size (Sq ft)

4,930 SF

Zone code

EPBD

Property type

Investment properties

Property subtype

Retail residential properties

APN

133200 6164-02-570520-0000

APU

9223372036854775807

Description

This exceptional opportunity presents the sale of a well-established deli business and its accompanying free-standing commercial building, located at 848 Violet Ave, Hyde Park, NY 12538. The property boasts a generous 4,930 square feet situated on a 0.54-acre lot. The asking price for this combined offering is $395,000. The deli is renowned for its fresh cold cuts, breakfast sandwiches, and lunch options, catering to a loyal clientele of college students, local businesses, and residents. The business operations encompass a deli, grocery, and catering service. Included in the sale are essential commercial kitchen equipment such as refrigerated and cooled display cases, a walk-in cooler, snack racks, and deli stations. This turnkey operation is ideally suited for an experienced restaurateur seeking a profitable, established business with significant growth potential. The property's prime location in Hyde Park, NY ensures high visibility and convenient access for customers. This is a rare opportunity to acquire both a thriving business and a valuable commercial property in one transaction. The property is currently vacant, allowing for immediate occupancy and operational adjustments. The price per square foot is $80.12.

• CAP approach

  CAP return

  Valuation

  6%

  $1,115,616

  6.5%

  $1,029,799

  7%

  $956,242

• Comparable approach

  Method

  Valuation

  Relative Method

  $999,792

  Geo Method

  $998,438

• Alternative Use

  Use

  Valuation

  Residential

  $1,029,799

  Hospitality

  $943,290

  Educational

  $784,807

  Medical

  $811,797

  Retail

  $1,220,810

Location Insight

City

Hyde Park

County

Dutchess

State

New York

Latitude

41.7702

Longitude

-73.9087

CBSA code

39100

CBSA name

POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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