Mixed Use Income Property FOR SALE


Poughkeepsie, NY
$1,350,000 USD
845-231-1727
, Poughkeepsie, NY for Sale
$1,350,000 USD
FOR SALE
1/5
null | 7.93% Cap Rate

Mixed Use Income Property
Poughkeepsie, NY


HIGHLIGHTS

  • Fully occupied property with three retail tenants and two residential units.
  • Attractive 7.93% cap rate with annual rent escalations in place.
  • Located on a signalized corner along Route 9G, offering strong visibility and traffic exposure.
  • Annual Escalations for all Tenants

OVERVIEW

Houlihan Lawrence Commercial is pleased to present Violet Avenue Properties. This fully occupied mixed-use investment opportunity features a three-tenant retail plaza combined with two residential apartments, delivering stable income and long-term upside. The property consists of two retail buildings housing established tenants and a standalone duplex with two three-bedroom apartments. All tenants benefit from annual rent escalations, ensuring consistent revenue growth. Positioned on a signalized corner at Route 9G and Violet Avenue, the property offers exceptional visibility and accessibility. The site includes a large corner lot with ample parking, enhancing convenience for both retail customers and residents. Zoned NBD, the property supports a range of neighborhood business uses, adding flexibility for future repositioning or redevelopment. Financials available upon request.

ASK ABOUT THIS PROPERTY

Steven SalomoneHoulihan Lawrence CommercialMore Info
845-231-1727

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Steven SalomoneHoulihan Lawrence CommercialMore Info
845-231-1727

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.