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Property profile & analytics

605 Dutchess Tpke Poughkeepsie, NY 12603-1922

  • Automotive properties
  • 616 SF
  • 0.66 lot acres
OFF-MARKET
Value Estimations
Cap Rate Potential
Location Intelligence
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.

Current Use by Public Records

  • MAG Auto Corp / Used Car Dealer

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

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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
More about this property
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