40 Vassar RdPoughkeepsie, NY 12603

Property Details for 40 Vassar Rd

Year built

1970

Lot size

3.32 AC

Property size (Sq ft)

29,884 SF

Zone code

ROMNSC

Property type

Retail properties

Property subtype

Strip malls

APN

134689 6260-03-497247-0000

APU

9223372036854775807

Description

This exceptional retail property, a former Rite Aid, presents a significant opportunity in Poughkeepsie, NY. Located at 40 Vassar Rd, this 20,174 square foot end-unit space boasts convenient on-site parking and benefits from its high-visibility placement on a heavily trafficked road. The property is classified as Class B and is categorized as a single-tenancy retail space, previously used as a grocery store and convenience store. Its strategic location offers unparalleled access to a substantial population base, including students and faculty from several prominent educational institutions. These institutions include Vassar College, Marist College, Bard College, Dutchess Community College, the Culinary Institute of America, SUNY New Paltz, SUNY Orange, and SUNY Ulster. The area also features a strong presence of private and religious schools, such as Faith Christian Academy, Oakwood Friends School, Our Lady of Lourdes High School, and St. Martin de Porres. Furthermore, the property is conveniently situated near several public schools, including Spackenkill High School, Hagan Elementary School, Orville A. Todd Middle School, and Nassau Elementary School. This prime location, combined with the substantial square footage and ample parking, makes this property an ideal investment for a variety of retail businesses seeking a strong foothold in a thriving community within Dutchess County. The property's zip code is 12603.

• CAP approach

  CAP return

  Valuation

  6%

  $8,015,192

  6.5%

  $7,398,638

  7%

  $6,870,164

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,853,017

  Geo Method

  $9,839,701

• Alternative Use

  Use

  Valuation

  Residential

  $6,241,028

  Hospitality

  $5,716,748

  Educational

  $4,756,268

  Medical

  $4,919,843

  Retail

  $7,398,638

Location Insight

City

Poughkeepsie

County

Dutchess

State

New York

Latitude

41.653

Longitude

-73.8758

CBSA code

39100

CBSA name

POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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