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    FOR SALE
    Commercial land

    51 Vassar Rd, Poughkeepsie, NY 12603

    3,840 SF 4.58 ac lot Built 1955
    Entity Owned 14-yr Hold Free & Clear
    Property ID
    US63-2583156
    Property summary
    AI-generated overview

    This exceptional 4.58-acre commercial and industrial development site is ideally situated at 51 Vassar Road in Poughkeepsie, New York, 12603. Boasting 237 feet of frontage on Vassar Road, this property offers unparalleled potential for a wide range of commercial ventures. Its convenient location provides easy access to US Route 9, placing it just eight minutes away from a major transportation artery. The zoning regulations permit a diverse array of uses, including retail spaces, office buildings, service businesses, restaurants, banks, post offices, health clubs, and laundromats, among other possibilities. This presents a unique opportunity for developers seeking a versatile and strategically located parcel in a thriving area. The asking price for this prime development land is $599,000. The property's size and zoning flexibility make it an attractive investment for those looking to capitalize on the growing commercial landscape of Poughkeepsie, within Dutchess County. Serious inquiries are encouraged to explore the full potential of this exceptional offering.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Year built 1955
    Total area 3,840 SF
    Lot 4.58 ac (199,505 SF)
    Zoning code ROMNSC
    APN 134689 6260-04-565213-0000
    UPID US63-2583156
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $455k
    CAP Approach CAP
    $720k
    Comparable Approach Comparable
    $688k
    Blend (final) Blend
    $580k
    Owner & transaction history
    Oak Mill Plaza LLC · 14 yrs held
    Oak Mill Plaza LLC
    since 2011
    2 recorded transactions
    2011
    $820,000
    1969
    Zoning & alternative use
    ROMNSC · Poughkeepsie, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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