815-817 Violet Avenue, Hyde Park, NY 12538

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.