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Property profile & analytics

2578 Rte 55 Poughquag, NY 12570-5115

  • Turn key restaurants
  • 3,994 SF
  • 0.92 lot acres
OFF-MARKET
Value Estimation
$430,000
Last Sale
Aug 05, 2021
$400,000
Location Intelligence
Property ID
US63-1526441
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Turn key restaurants

Property Details for 2578 Rte 55

Year built
1983
Lot size
0.92 lot acres
Property size
3,994 SF
Zone code
C-2
Property type
Turn key restaurants
APN
132200 6759-04-685204-0000
APU
9223372036854775807

Description

This exceptional 6,280 square foot commercial property, situated on a 0.92-acre lot at 2578 Route 55 in Poughquag, NY, presents a unique investment opportunity. Boasting prime road frontage, the building features a dramatic entrance leading to a captivating interior with exposed beams and soaring 30-foot cathedral ceilings, ideal for creating a memorable dining or entertainment experience. Intricate details, including custom glasswork, tile, woodworking, and molding, are accented by elegant LED stained-glass lighting. The property is perfectly suited for a variety of uses, such as a steakhouse, burger restaurant, brewery, or live music venue. A show-stopping horseshoe bar with 20 tap lines and seating for 16 patrons, along with a towering center display, is a key feature. The bar area and main dining space feature tile flooring, while a separate party room offers hardwood floors. Multiple bathrooms and banquette seating provide ample space for diners and private events. Recent upgrades include a brand-new, fully equipped kitchen with modern refrigeration, a new tap system, and a tented outdoor patio. Significant improvements have also been made to the parking lot, curbing, and landscaping. The septic system has been updated. The property benefits from high traffic counts, excellent signage, ample on-street and overflow parking, and a central location. With a capacity to seat over 100 guests, and the potential for on-site brewery operations (with a separate dining room easily adaptable for brewery equipment), this property offers significant potential for a thriving business. The asking price is $1,250,000. No lease is available.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $440,000
  • CAP approach

    CAP return
    Estimation
    6%
    $395,000
    6.5%
    $445,000
    7%
    $390,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $420,000
    Geo Method
    $380,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $365,000
    Retail
    $430,000
    Mixed-Use
    $390,000
    Hospitality
    $495,000
    Educational
    $480,000
    Residential Income
    $445,000
    Energy
    $360,000
    Income-Based Land
    $485,000
    Food Service
    $355,000

Location Insight

  • Map
  • Local Demand
City
Poughquag
County
Dutchess
State
New York
Longitude
-73.686
Latitude
41.6234
CBSA code
39100
CBSA name
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$26,010
$192,000
$458,000
$650,000
-
$282,978
$675,022
$958,000
More about this property
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