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    40 Vassar Rd Poughkeepsie, NY 12603
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    Property profile & analytics

    40 Vassar Rd Poughkeepsie, NY 12603


    • Strip malls
    • 29,884 SF
    • 3.32 lot acres
    Former Pharmacy in Red Oaks Mill For Lease
    $3,425,000
    20,174 SF

    Former Pharmacy in Red Oaks Mill

    20,174 SF end unit retail space for lease.

    40 Vassar Rd, Poughkeepsie, NY 12603
    View Listing
    Property ID
    US63-1085363
    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.

    Value Estimations
    $3,425,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Gino's Pizzeria Red Oaks Mill / Restaurant
    • Rite Aid Pharmacy / Pharmacy
    • Leclerc's Martial Arts / Training Center / Sports School
    • Monkey Maghees / Bar & Pub
    • Red Oaks Mill Wine & Liquor / (Bike/Boat/Book/etc) Store / Wine and Liquor Store

    Property Details for 40 Vassar Rd

    Year built
    1970
    Lot size
    3.32 lot acres
    Property size
    29,884 SF
    Zone code
    ROMNSC
    Property type
    Strip malls
    Property subtype
    Shopping centers
    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.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $3,205,000
      ML approach
      $2,875,000
    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $3,725,000
      COMMERCIAL (GENERAL)
      $2,945,000
      AUTO REPAIR, GARAGE
      $2,510,000
      RETAIL STORES
      $2,285,000
      OFFICE BUILDING
      $2,235,000

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Poughkeepsie
    County
    Dutchess
    State
    New York
    Longitude
    -73.8758
    Latitude
    41.653
    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
    $177,866
    $787,000
    $2,079,500
    $2,866,500
    -
    $787,000
    $2,079,500
    $2,866,500
    View Listing
    More about this property
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