85 Main StPoughkeepsie, NY 12601

Property Details for 85 Main St

Year built

1956

Lot size

0.14 AC

Property size (Sq ft)

5,920 SF

Zone code

C-1

Property type

Retail properties

Property subtype

Bars

APN

131300 6062-75-832171-0000

APU

9223372036854775807

Description

This exceptional 5,920 square foot retail property at 85 Main Street, Poughkeepsie, NY, presents a unique investment opportunity. Boasting 61.1 feet of Main Street frontage and excellent visibility from U.S. Route 9, this location ensures high foot traffic. Its proximity to the Poughkeepsie Metro-North Train Station provides easy access to Grand Central and Penn Station, further enhancing its appeal. The stylish interior is fully equipped and ready for immediate occupancy. The 0.14-acre lot offers significant development potential, including a possible three-story expansion incorporating additional retail space and residential apartments. The property benefits from its strategic location within Dutchess County's Central Business District, near the Walkway Over the Hudson, Mid-Hudson Regional Hospital, and local colleges. A variety of dining and entertainment options, including The Derby, Mahoney's Irish Pub, and River Station, are also within easy reach. Currently occupied by a thriving pizzeria, also available for purchase separately for $199,000, this turnkey operation presents an added revenue stream. Financial details for the pizzeria are available upon request for serious buyers. This property is ideal for investors seeking a prime location with substantial growth potential in a vibrant and accessible area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,588,104

  6.5%

  $1,465,942

  7%

  $1,361,232

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,951,881

  Geo Method

  $1,949,238

• Alternative Use

  Use

  Valuation

  Residential

  $1,236,577

  Hospitality

  $1,132,698

  Educational

  $942,391

  Medical

  $974,802

  Retail

  $1,465,942

Location Insight

City

Poughkeepsie

County

Dutchess

State

New York

Latitude

41.7059

Longitude

-73.9362

CBSA code

39100

CBSA name

POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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