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For Sale

$1,100,000

56 days on market

815-817 Violet Avenue

Hyde Park, NY 12538

View records
· 8% down, 7% APR, 30yr fixed

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Listing narrative

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.

Listing agent (MLS): Jordan Vaccaro · Listing brokerage (MLS): Serhant LLC

Property Details

Key facts from the live listing feed are grouped here for quick review. Only fields confirmed by the active source are shown.

Price

$1,100,000

Beds

Beds n/a

Type

House

Home Size

Sqft n/a

Baths

Baths n/a

Lot Size

0.75 acres

Year

Year n/a

Status

For Sale

Days on Market

56

· 8% down, 7% APR, 30yr fixed

Verified property data

Value, tax & last recorded sale

Public records available on the full property page

Estimated home value

Not available

Automated valuation estimate, not an appraisal. Value and range come from the connected property-data provider.

Public records are available on the full property page.

No record values are inferred or fabricated.

Full MLS property history

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Courtesy of Serhant LLC

815-817 Violet Avenue, Hyde Park | Keller New York