Freestanding Liquor and Deli
1 S Gate Drive Poughkeepsie, NY 12601
For Sale
$949,000
Freestanding property with a liquor store and deli/convenience store, each with separate entrances and included equipment.
Days on Market85
Property Features for 1 S Gate Drive
General Information
Standard status
Active
Property subtype
Commercial
Listing Agency:
K. Fortuna Realty, Inc.
(914) 466-8453
Listed By:
Josephine Diego · License #10401249553
(914) 466-8453
Source:
Cohenandcohenrealty
Added: May 6
Changed: Jul 28
Last Checked: Jul 28 at 1:44PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of K. Fortuna Realty, Inc.
Investment Insights
Based on property information with market context.
This for-sale freestanding commercial property includes an established liquor store and a deli/convenience store, presented as a turn-key operation with equipment and fixtures included. The offering features separate entrances for each business, supporting independent day-to-day operations while remaining under one ownership structure.
Located on a high-traffic main road at 1 S Gate Drive in Poughkeepsie, NY, the property benefits from prominent street frontage and visibility to passing vehicles. The site includes ample customer parking and is surrounded by residential neighborhoods and other businesses.
As described, the liquor store and deli/convenience store are fully stocked and benefit from an existing customer base. Owner financing is available, and financials can be provided upon request for serious inquiries.
Located on a high-traffic main road at 1 S Gate Drive in Poughkeepsie, NY, the property benefits from prominent street frontage and visibility to passing vehicles. The site includes ample customer parking and is surrounded by residential neighborhoods and other businesses.
As described, the liquor store and deli/convenience store are fully stocked and benefit from an existing customer base. Owner financing is available, and financials can be provided upon request for serious inquiries.
Key Highlights
- Freestanding commercial property operating as a liquor store and a deli/convenience store
- Each business has a separate entrance
- Included equipment and fixtures for turn‑key operations
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $74.5k | $25.20 |
| − Vacancy | −$3.1k | −$1.06 |
| EGI | $71.4k | $24.14 |
| − OpEx | −$17.8k | −$6.04 |
| NOI | $53.5k | $18.11 |
2,956 SF · lease $25.20/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$764.6K
$669.0K – $892.0K
NOI $53,522 @ 7.0% cap · market cap 5.64%
Second Best
Retail
$540.3K
$472.8K – $630.4K
NOI $37,822 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$889.8K
$778.6K – $1.04M
NOI $62,287 @ 7.0% cap · market cap 6.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Freestanding property with a liquor store and deli/convenience store, each with separate entrances and included equipment.
Where is this grocery and convenience store located?
The property is located at 1 S Gate Drive Poughkeepsie, NY.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Freestanding commercial property operating as a liquor store and a deli/convenience store; Each business has a separate entrance; Included equipment and fixtures for turn‑key operations
