Retail Property with Two
43 Violet Avenue Poughkeepsie, NY 12601
43 Violet Avenue, Poughkeepsie, NY, 12601
$499,000
For Sale
$499,000
Two retail units with upgrades and high traffic accessibility.
Property Size2,992 SF
Price / SF$166.78
Days on Market59
Property Features for 43 Violet Avenue
General Information
- Standard status
- Active
- Size
- 2,992 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1986
Listing Agency
WIN MORRISON REALTY-K
(845) 339-9999
Listed by
JING ZHENG
Source
Corcoran
Added: May 20 Checked: Jul 16 at 9:27 am
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 WIN MORRISON REALTY-K
Investment Insights
Based on property information with market context.
This property features two units suitable for various ventures, including a restaurant or retail establishment. Recent upgrades include new Safety Data Sheets, a paved parking lot accommodating over 15 vehicles, a new roof, siding, and an updated electric system. Unit 1 is currently vacant, offering immediate availability for new concepts. Unit 2 is currently operating as an ice cream shop with a fully equipped kitchen. The sale includes all furniture, fixtures, and equipment. The property is easily accessible from Route 9, Route 55, and Route 44, benefiting from a daily traffic count of over 7,500 vehicles. The property size is 2,992 square feet.
Key Highlights
- Two units with versatile zoning suitable for restaurant, retail, or salon.
- Includes all furniture, fixtures, and equipment from existing ice cream shop with full kitchen.
- Recent upgrades: new Safety Data Sheets, paved parking for 15+ vehicles, roof, siding, and electric system.
Local Financial Insights For 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 | $57.1k | $19.08 |
| − Vacancy | −$2.4k | −$0.80 |
| EGI | $54.7k | $18.28 |
| − OpEx | −$16.4k | −$5.48 |
| NOI | $38.3k | $12.80 |
2,992 SF · lease $19.08/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$773.9K
$677.2K – $902.9K
NOI $54,174 @ 7.0% cap · market cap 10.86%
Second Best
Retail
$546.9K
$478.5K – $638.1K
NOI $38,283 @ 7.0% cap · market cap 7.67%
Theoretical Best
Office A
$900.6K
$788.1K – $1.05M
NOI $63,045 @ 7.0% cap · market cap 12.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Su’gar
Grocery & Convenience Store
Hellshire Cuisine
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Two retail units with upgrades and high traffic accessibility.
Where is this retail space located?
The property is located at 43 Violet Avenue Poughkeepsie, NY.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two units with versatile zoning suitable for restaurant, retail, or salon.; Includes all furniture, fixtures, and equipment from existing ice cream shop with full kitchen.; Recent upgrades: new Safety Data Sheets, **paved parking for 15+ vehicles, roof, siding, and electric system.**
