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Mixed Use Income Property 3 Properties Offered at $1,350,000 in Poughkeepsie, NY
Investment Highlights
- Fully occupied property with three retail tenants and two residential units.
- Located on a signalized corner along Route 9G, offering strong visibility and traffic exposure.
- Attractive 7.93% cap rate with annual rent escalations in place.
- Annual Escalations for all Tenants
Executive Summary
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.
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.
Taxes & Operating Expenses (Actual - 2025) |
Annual |
|---|---|
| Gross Rental Income |
$166,485
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$166,485
|
| Taxes |
$32,520
|
| Operating Expenses |
$26,970
|
| Total Expenses |
$59,490
|
| Net Operating Income |
$106,995
|
Taxes & Operating Expenses (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $166,485 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $166,485 |
| Taxes | |
|---|---|
| Annual | $32,520 |
| Operating Expenses | |
|---|---|
| Annual | $26,970 |
| Total Expenses | |
|---|---|
| Annual | $59,490 |
| Net Operating Income | |
|---|---|
| Annual | $106,995 |
Property Facts
| Price | $1,350,000 | Number of Properties | 3 |
| Price / SF | $163.93 / SF | Individually For Sale | 0 |
| Cap Rate | 7.93% | Total Building Size | 8,235 SF |
| Sale Type | Investment or Owner User | Total Land Area | 2.81 AC |
| Status | Active |
| Price | $1,350,000 |
| Price / SF | $163.93 / SF |
| Cap Rate | 7.93% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 8,235 SF |
| Total Land Area | 2.81 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 465 Violet Ave, Poughkeepsie, NY 12601 | Multifamily | 2,508 SF | 1930 | - |
| 471 Violet Ave, Poughkeepsie, NY 12601 | Retail | 4,000 SF | 1990 | - |
| 473 Violet Ave, Poughkeepsie, NY 12601 | Retail | 1,727 SF | 1990 | - |
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Mixed Use Income Property
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