605 Dutchess Tpke Poughkeepsie, NY 12603-1922
Property Lookup
Property profile & analytics
605 Dutchess Tpke Poughkeepsie, NY 12603-1922
- Automotive properties
- 616 SF
- 0.66 lot acres
Property ID
US63-2684547
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.
Location Intelligence
Current Use by Public Records
- MAG Auto Corp / Car Dealership
Property Details for 605 Dutchess Tpke
- Year built
- 1975
- Lot size
- 0.66 lot acres
- Property size
- 616 SF
- Zone code
- BSC
- Property type
- Automotive properties
- APN
- 134689 6261-01-029840-0000
- APU
- 9223372036854775807
Description
This exceptional offering presents a rare opportunity to acquire a two-building, multi-tenant retail portfolio situated on a 1.3-acre lot at 605-611 Dutchess Turnpike in Poughkeepsie, NY. The property consists of two single-story buildings totaling 9,696 net rentable square feet, currently operating at 100% occupancy with two tenants under a modified lease structure. The leases have a remaining term of approximately 2.5 years, expiring June 1st, 2027, with a built-in 3% annual rent bump. The current Net Operating Income (NOI) stands at $103,078, yielding a compelling 12.13% capitalization rate based on the $850,000 asking price. The property is zoned BSC, offering versatile usage potential. Individual building sizes are not specified, but the combined property features ample paved parking. The property benefits from public water and sewer access. This owner/user investment opportunity provides immediate income and significant upside potential upon lease expiration. The property's prime location on Dutchess Turnpike ensures high visibility and accessibility, making it an ideal investment for both seasoned investors and owner-operators seeking a strong return on investment. The property's strong financial performance, coupled with its strategic location and flexible zoning, makes it a truly exceptional opportunity in the Poughkeepsie commercial real estate market.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Poughkeepsie
- County
- Dutchess
- State
- New York
- Longitude
- -73.8925
- Latitude
- 41.6966
- 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
$6,516
$111,000
$25,500
$136,500
-
$111,000
$25,500
$136,500
