Property profile

51 Vassar Rd Poughkeepsie, NY 12603

FOR SALE
Commercial land
Property ID
US63-2583156
3,840 SF 4.58 ac lot Built 1955
Entity Owned 14-yr Hold Free & Clear
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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

Location

51 Vassar Rd Poughkeepsie, NY 12603
Poughkeepsie metro Census 140700 POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA
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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

since 2011
2 recorded transactions
2011
$820,000
1969
Price N/A

Zoning & alternative use

ROMNSC · Poughkeepsie, NY
Zoning description

This district defines the commercial hamlet center at Red Oaks Mills. The uses within this district are intended to provide convenient shopping facilities of sufficient variety to supply the daily requirements of adjacen…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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