471 Main StPoughkeepsie, NY 12601

Property Details for 471 Main St

Year built

1920

Lot size

0.52 AC

Property size (Sq ft)

4,800 SF

Zone code

R-1

Property type

Auto shops

APN

131300 6162-79-271024-0000

APU

9223372036854775807

Description

This exceptional turnkey business opportunity presents a well-established auto body shop in a prime Poughkeepsie location. Situated on Main Street in Dutchess County, this property boasts high visibility and convenient access to major roadways, including the Poughkeepsie Bridge and the NY State Thruway. The property consists of two buildings totaling 5,829 square feet on a 0.52-acre lot, zoned C-3. The main building, a solid brick structure built in 1920, features a wheelchair ramp, office and reception area, three half baths, a restoration room (36x28 feet), and a separate spray paint booth. The spacious attic (58x38.5 feet) offers significant potential for expansion. High ceilings (14 feet/11 feet to mid-beam) add to the functionality. The shop is equipped with state-of-the-art equipment, including a Spies Hecker computerized paint mixing system, a double-ended down draft bake oven spray booth, a Celette frame machine with center lift, and a car aligner frame machine with two 9,200-lb power pulling posts. The property also includes a paved lot with ample off-street parking and gate-protected access. This thriving business, operating successfully for over 40 years, offers a unique opportunity for a new owner to step into a well-established enterprise with significant potential for growth. The asking price is $595,000, representing $102.08 per square foot and $297,500 per unit. Seller concessions are available. This is a rare opportunity to acquire a profitable business with a strong track record in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,287,604

  6.5%

  $1,188,558

  7%

  $1,103,661

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,582,606

  Geo Method

  $1,580,463

• Alternative Use

  Use

  Valuation

  Residential

  $1,002,593

  Hospitality

  $918,370

  Educational

  $764,073

  Medical

  $790,350

  Retail

  $1,188,558

Location Insight

City

Poughkeepsie

County

Dutchess

State

New York

Latitude

41.7019

Longitude

-73.9201

CBSA code

39100

CBSA name

POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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