817-815-817 Violet Ave, Hyde Park, NY

Name: 817 - 815-817 Violet Ave, For Sale in Hyde Park - Zoocasa
Brand: Serhant LLC
SKU: 1041625
Price: 1100000 USD

Real Estate

For Sale

Listed price in listed location currency (USD).

$1,100,000

0025

MLS® 1041625

Overview

Key Facts

Type Business

Levels Commercial Sale

Size 5200 sqft

Garage Yes

Maintenance Fees

Taxes $14,536

Days Active 13

Approx. Age

Avg. Price Per Sqft $211

MLS® Number 1041625

Property Address: 817-815-817 Violet Ave, Hyde Park, NY, 12538-1960

Average square foot calculated using Size range provided by listing agent.

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.

MLS® Number1041625

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageYes

Approx. Age

Stories

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

HeatHeat Pump, See Remarks

A/CElectric

Extras

Map

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