Gutted Restaurant
300 Hooker Ave Poughkeepsie, NY 12603
300 Hooker Ave, Poughkeepsie, NY, 12603
$250,000
For Sale
$250,000
Restaurant storefront building has been gutted and partially updated, with municipal utilities and select restaurant equipment available.
Property Size1,100 SF
Price / SF$227.27
Days on Market359
Property Features for 300 Hooker Ave
General Information
- Standard status
- Active
- Size
- 1,100 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1960
Listing agency
KW MidHudson
(845) 224-5792
Listed by
Justin LaFalce
(845) 224-5792
Source
Xome
Added: Jul 28, 2025 Updated: Jul 20 at 7:22PM Checked: Jul 21 at 3:07AM
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 KW MidHudson
Investment Insights
Based on property information with market context.
This restaurant storefront/restaurant building at 300 Hooker Avenue has been gutted and partially updated, giving a new owner the opportunity to complete the interior to their specifications. The property is served by municipal water and sewer, and it also has natural gas and heavy power available. Several pieces of restaurant equipment may be available for purchase, including a pizza oven, commercial hood, lowboy coolers, and storage racks (as shown in the pictures).
The site is located in the Town of Poughkeepsie near Vassar College. Seller financing is available.
For buyers looking for an owner-occupier restaurant setup or a hands-on redevelopment project, the existing utilities and included equipment offer a practical starting point for re-opening or reconfiguring the space.
The site is located in the Town of Poughkeepsie near Vassar College. Seller financing is available.
For buyers looking for an owner-occupier restaurant setup or a hands-on redevelopment project, the existing utilities and included equipment offer a practical starting point for re-opening or reconfiguring the space.
Key Highlights
- Retail storefront/restaurant building at 300 Hooker Avenue in the Town of Poughkeepsie, near Vassar College
- Building was gutted and partially updated and is ready for the new owner’s finishing touches
- Municipal water and sewer plus natural gas and heavy power utilities available
Local 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 | $27.7k | $25.20 |
| − Vacancy | −$1.2k | −$1.06 |
| EGI | $26.6k | $24.14 |
| − OpEx | −$6.6k | −$6.04 |
| NOI | $19.9k | $18.11 |
1,100 SF · lease $25.20/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$284.5K
$249.0K – $332.0K
NOI $19,917 @ 7.0% cap · market cap 7.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$331.1K
$289.7K – $386.3K
NOI $23,178 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Restaurant storefront building has been gutted and partially updated, with municipal utilities and select restaurant equipment available.
Where is this conventional restaurant located?
The property is located at 300 Hooker Ave Poughkeepsie, NY.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Retail storefront/restaurant building at 300 Hooker Avenue in the Town of Poughkeepsie, near Vassar College; Building was gutted and partially updated and is ready for the new owner’s finishing touches; Municipal water and sewer plus natural gas and heavy power utilities available
