796 Main St Poughkeepsie, NY 12603-1829
- Turn key restaurants
- 5,379 SF
- 0.34 lot acres
Current Use by Public Records
- LibertyX Bitcoin ATM / Atm
- Juan Murphys / Bar / Irish Pub
Property Details for 796 Main St
- Year built
- 1916
- Lot size
- 0.34 lot acres
- Property size
- 5,379 SF
- Zone code
- ATC
- Property type
- Turn key restaurants
- APN
- 134689 6161-08-806808-0000
- APU
- 9223372036854775807
Description
This exceptional mixed-use property in Arlington, NY, presents a compelling investment opportunity. Located at 796 Main St, this 5,379 square foot, two-story building boasts a 100% occupancy rate with a current NOI of $50,726 and a pro-forma NOI of $62,725, reflecting a 7.00% cap rate and a pro-forma cap rate of 8.65%. The property features a thriving restaurant occupying the first floor, complete with an indoor beer garden and commercial kitchen, and two residential units on the second floor, one of which has been fully renovated in 2023. The building sits on a .34-acre lot (14,810 sq ft) and includes 10 parking spaces with convenient Main Street access. Built in 1916, the property benefits from ATC zoning, allowing for diverse uses. The current lease is a modified lease with a remaining term of 0.5 years, expiring May 31, 2025, and includes a 3% annual rent bump. The asking price is $725,000 ($134.78/sq ft). This property offers significant upside potential due to below-market apartment rents and a strong, established restaurant tenant. Its prime location near Vassar College and the Arlington Town Center ensures consistent demand and strong rental income. The property is a fee simple ownership with APN 134689-6161-08-806808.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $500,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $580,000
- 6.5%
- $535,000
- 7%
- $510,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $550,000
- Geo Method
- $580,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $490,000
- Retail
- $495,000
- Mixed-Use
- $510,000
- Hospitality
- $540,000
- Educational
- $590,000
- Residential Income
- $460,000
- Energy
- $565,000
- Income-Based Land
- $450,000
- Food Service
- $500,000
Location Insight
- Map
- Local Demand
- City
- Poughkeepsie
- County
- Dutchess
- State
- New York
- Longitude
- -73.9006
- Latitude
- 41.6958
- CBSA code
- 39100
- CBSA name
- POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA
