4277 Albany Post Rd Hyde Park, NY 12538-1760
- Banks
- 1,920 SF
- 0.20 lot acres
Current Use by Public Records
- Chase Mortgage / Mortgage Lender
- ATM / Atm
- Chase ATM / Atm
Property Details for 4277 Albany Post Rd
- Year built
- 1975
- Lot size
- 0.20 lot acres
- Property size
- 1,920 SF
- Zone code
- TCHD
- Property type
- Banks
- APN
- 133200 6064-08-903995-0000
- APU
- 9223372036854775807
Description
This vacant 1,920 square foot retail building, located at 4277 Albany Post Road in Hyde Park, New York, presents a unique investment opportunity. The property, built in 1975, sits on a 9,308 square foot (.21 acre) lot and features a drive-thru, adding significant value and potential for various uses. The building also includes an unfinished basement, offering additional space for expansion or storage. Its strategic location on US Route 9 ensures high visibility and accessibility, providing easy access to major highways including I-84, the Taconic State Parkway, I-684, and I-87 (NYS Thruway). The surrounding area boasts a thriving retail environment, with a mix of local businesses and cultural attractions. Dutchess County's strong demographics, with a population exceeding 39,000 within a 5-mile radius and an average household income of $96,268, further enhance the property's investment potential. The asking price is $410,000, translating to $213.54 per square foot. This property is ideal for a variety of retail uses, including a bank, pharmacy, or quick-service restaurant, given its previous use as a Chase Bank. The property is currently vacant, allowing for immediate occupancy and customization to suit the needs of a new tenant. This is an exceptional opportunity to establish a business in a rapidly growing region of New York.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $325,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $405,000
- 6.5%
- $415,000
- 7%
- $410,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $480,000
- Geo Method
- $420,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $360,000
- Retail
- $385,000
- Mixed-Use
- $390,000
- Hospitality
- $360,000
- Educational
- $335,000
- Residential Income
- $345,000
- Energy
- $440,000
- Income-Based Land
- $430,000
- Food Service
- $355,000
Location Insight
- Map
- Local Demand
- City
- Hyde Park
- County
- Dutchess
- State
- New York
- Longitude
- -73.9331
- Latitude
- 41.7833
- CBSA code
- 39100
- CBSA name
- POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA