103 Parker AvePoughkeepsie, NY 12601

Property Details for 103 Parker Ave

Year built

1940

Lot size

0.11 AC

Property size (Sq ft)

2,766 SF

Zone code

I-1

Property type

Retail properties

Property subtype

Bars

APN

131300 6162-54-204417-0000

APU

9223372036854775807

Description

This exceptional 1,500 square foot commercial space, located at 103 Parker Avenue in Poughkeepsie, New York, 12601, presents a unique investment opportunity. Currently configured as a bar, this single-tenant property offers immense flexibility due to its diverse permitted uses. Zoning allows for a wide range of businesses, including but not limited to: ice cream shops, bike rentals, restaurants, coffee shops, cafes, delis, clothing stores, theaters, auditoriums, manufacturing facilities, bakeries, pet stores, food trucks, daycare centers, breweries, offices, churches, martial arts studios, dance studios, salons, barber shops, pizzerias, art galleries, and funeral parlors. The property's prime location adjacent to the Walkway Over the Hudson State Historic Park ensures high visibility and foot traffic, making it an ideal location for a variety of businesses seeking a vibrant and accessible setting. The property is classified as Retail, Office, and Restaurant. This is a single-tenant space offering significant potential for a discerning entrepreneur. The property's latitude and longitude coordinates are 41.71230764188135 and -73.92277836772563 respectively. Don't miss this chance to establish your business in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $741,995

  6.5%

  $684,918

  7%

  $635,995

• Comparable approach

  Method

  Valuation

  Relative Method

  $911,977

  Geo Method

  $910,742

• Alternative Use

  Use

  Valuation

  Residential

  $577,754

  Hospitality

  $529,220

  Educational

  $440,304

  Medical

  $455,447

  Retail

  $684,918

Location Insight

City

Poughkeepsie

County

Dutchess

State

New York

Latitude

41.7127

Longitude

-73.9226

CBSA code

39100

CBSA name

POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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