Retail Property with Two
For Sale
$499,000
43 Violet Avenue, Poughkeepsie, NY 12601
Two retail units with upgrades and high traffic accessibility.
Property Size2,992 SF
Price / SF$166.78
Days on Market72
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
Changed: Jul 10
Last Checked: Jul 29 at 2:17PM
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.
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
275
Businesses Nearby
Explore this area
Business Placement
Demographics for 12601, NY
44,264
Population
17,972
Households
2.5
Avg Household Size
35
Median Age
30%
College-Educated
88%
High-School Grad
18.3 sq mi
ZIP Area
2,419
Density / Sq Mi
$64,769
Median Household Income
$37,259
Median Earnings
$1,376
Median Rent
$275,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
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.**
