Retail Shopping Center with
For Sale
$970,000
Pending
600 Violet Ave, Hyde Park, NY 12538
Commercial Sale, Hyde Park, NY
Property Size11,255 SF
Lot Size1.40 Acres
Days on Market140
Property Features for 600 Violet Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Subdivision
NC
High school district
HYDE PARK CENTRAL SCHOOL DISTRICT
Directions
Route 9G south becomes Violet Ave in Hyde Park. On the left, a short distance after St Andrews Rd
Standard status
Pending
APN
000000-006.000-0002-599.000
Lot size
1.40 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
30736
Utilities
Heating system
Oil, Heat Pump (Heating), Baseboard, Electric (Heating)
Building Details
Year built
1969
Building materials
Wood Siding, Vinyl Siding, Brick
Roof type
Asphalt
Listing Agency:
JFIVE HOMES REALTY LLC
(845) 758-6842
Listed By:
Jennifer Fivelsdal
Added: Jun 5
Changed: Oct 20
Last Checked: Oct 22 at 10:06AM
MLS# 11802154
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This retail shopping center occupies 1.4 acres and includes 11,255 square feet of commercial improvements, with 95 feet of frontage on State Route 9G. The six-unit configuration includes a 1,250-square-foot warehouse with an overhead door; that unit is currently owner-occupied. The property was built in 1969 and provides parking for 36 vehicles.
The center is situated in Hyde Park near Marist University, Dutchess Community College, The Culinary Institute of America, the Franklin D. Roosevelt Presidential Library, and the Inn at Bellefield. Five units are actively leased, and overall occupancy is reported at 95%. Construction materials include wood siding, vinyl siding, and brick, with asphalt roofing and oil, electric, heat pump, and baseboard heating systems.
The center is situated in Hyde Park near Marist University, Dutchess Community College, The Culinary Institute of America, the Franklin D. Roosevelt Presidential Library, and the Inn at Bellefield. Five units are actively leased, and overall occupancy is reported at 95%. Construction materials include wood siding, vinyl siding, and brick, with asphalt roofing and oil, electric, heat pump, and baseboard heating systems.
Key Highlights
- 1.4‑acre retail shopping center with 11,255 square feet of improvements
- 95 feet of primary frontage on State Route 9G
- 95% occupied with five of six units actively leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,526
Cap Rate
8.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,690,520
$1.7M
Cap Rate 7%
$1,207,514
$1.2M
Cap Rate 9%
$939,178
$939.2K
Market Conditions
NOI Build-Up for 11,255 SF
Gross rent
$106.7K $9.48/SF
− Vacancy
−$7.3K −$0.64/SF
EGI
$99.4K $8.84/SF
− OpEx
−$14.9K −$1.33/SF
NOI
$84.5K $7.51/SF
Area
Dutchess County, NY
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,690,520
Cap Rate 7%
$1,207,514
Cap Rate 9%
$939,178
Alternative Uses
Best Use
Office B
$2.57M
$2.25M – $3.00M
NOI $180,143 @ 7.0% cap · market cap 18.57%
Second Best
Retail
$2.06M
$1.80M – $2.40M
NOI $144,008 @ 7.0% cap · market cap 14.85%
Theoretical Best
Office A
$3.39M
$2.96M – $3.95M
NOI $237,157 @ 7.0% cap · market cap 24.45%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
95%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
77
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 12538, NY
14,181
Population
5,609
Households
2.5
Avg Household Size
41
Median Age
30%
College-Educated
93%
High-School Grad
25.5 sq mi
ZIP Area
556
Density / Sq Mi
$86,641
Median Household Income
$44,926
Median Earnings
$1,190
Median Rent
$287,900
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Shopping center - Multi-suite commercial property with an overhead-door warehouse, established tenants, and parking along State Route 9G.
Where is this shopping center located?
The property is located at 600 Violet Ave Hyde Park, NY.
What is the asking price?
The asking price for this property is $970,000.
What are key features of this property?
This property features: 1.4‑acre retail shopping center with 11,255 square feet of improvements; 95 feet of primary frontage on State Route 9G; 95% occupied with five of six units actively leased
