REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,100,000
Est. payment | /mo
0.75 Acres Lot
$ 1,100,000
Est. payment | /mo
0.75 Acres Lot
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1041625
Rental Info No
Annual Tax Amount $14,535
Lot Size 0.750 Acres
Acres 0.75
Property Sub-Type Business
Source onekey2
Property Description
An income-producing commercial property on Route 9G, one of the Hudson Valley's primary north-south corridors, with roughly 17,000 vehicles passing daily.
The front building is a brand new coffee bar built around a drive-thru window, with walk-up service and seasonal outdoor seating. The drive-thru is what makes this property difficult to duplicate. It cleared the Town of Hyde Park Planning Board and a New York State DOT access review, a process that ran roughly two years from application to completion, and it is finished and in use. A buyer inherits the approval and the head start.
Behind it, a substantial service building offers 6 drive-in bays and 3 offices with tenancy in place. A brand new blacktop parking lot serves both buildings.
Currently generating $114,000 per year in rental income. Every tenant is separately metered and pays their own utilities, so the ownership expense is taxes and insurance only. Taxes are approximately $13,900 annually.
5,200 total square feet on 0.75 acres. One parcel, one tax bill. Zoned EPBD in the East Park Business District, a corridor identified in Dutchess County's long range transportation plan for streetscape investment.
The structure is what makes this work. New construction retail with a drive-thru drives the upside. The bays and offices behind it carry the property while that upside plays out. Owner-users, coffee and QSR operators, and passive investors all have a path here.
Minutes to the Culinary Institute of America, Marist College, Dutchess Community College, the FDR Home and the Vanderbilt Mansion.
Full rent roll and financials available to qualified buyers.
The front building is a brand new coffee bar built around a drive-thru window, with walk-up service and seasonal outdoor seating. The drive-thru is what makes this property difficult to duplicate. It cleared the Town of Hyde Park Planning Board and a New York State DOT access review, a process that ran roughly two years from application to completion, and it is finished and in use. A buyer inherits the approval and the head start.
Behind it, a substantial service building offers 6 drive-in bays and 3 offices with tenancy in place. A brand new blacktop parking lot serves both buildings.
Currently generating $114,000 per year in rental income. Every tenant is separately metered and pays their own utilities, so the ownership expense is taxes and insurance only. Taxes are approximately $13,900 annually.
5,200 total square feet on 0.75 acres. One parcel, one tax bill. Zoned EPBD in the East Park Business District, a corridor identified in Dutchess County's long range transportation plan for streetscape investment.
The structure is what makes this work. New construction retail with a drive-thru drives the upside. The bays and offices behind it carry the property while that upside plays out. Owner-users, coffee and QSR operators, and passive investors all have a path here.
Minutes to the Culinary Institute of America, Marist College, Dutchess Community College, the FDR Home and the Vanderbilt Mansion.
Full rent roll and financials available to qualified buyers.
Location
State NY
County Dutchess County
Rooms
Basement None
Interior
Heating Heat Pump, See Remarks
Cooling Electric
Flooring Carpet, Concrete, Laminate
Fireplace No
Exterior
Parking Features Garage, Heated Garage, Parking Lot
Utilities Available See Remarks
Total Parking Spaces 25
Building
Sewer Septic Tank
Water Public
Structure Type Brick
Schools
High Schools Hyde Park
School District Hyde Park
Others
Special Listing Condition None
Listed by Serhant LLC • Jordan Vaccaro
Nearby Locations
GET MORE INFORMATION
Jeffrey Jimenez
Licensed Real Estate Salesperson | License ID: 10401267947