Smith Street Liquor Store

Poughkeepsie, NY (Dutchess County)

Storefront
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Asking Price: $349,000

Established: 1965

Smith Street Liquor Store

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Asset Sale Description

Long-established liquor store. Extraordinary income opportunity!

Own your own store - no rent payments, no lease renewals. Long-established business with current NYS liquor license. Smith Street Liquor Store has been at this site for more than 50 years. It has been closed since owner passed away in late 2016, and awaits right person or team to resume operations. Multi-use building includes 2 BR, 1.5 bath apartment, currently occupied, for additional income, living quarters, or possible expansion space.

Very popular store due to competitive prices and convenient location. Large stockroom has generous shelving, and additional shelves can easily be added. Essential storage space for volume-discounted purchasing and stronger margins. Many recent improvements to store and building. Facilities in place for New York State Lottery terminal.

Located on busy urban thoroughfare with steady flow of pedestrian, bicycle, and motor vehicle traffic. Walking distance from downtown population centers.

Short drive from many local attractions and major employers:
- Dutchess Community College, Main Street, City Hall, and College Hill Golf Course (3 minutes).
- Walkway Over the Hudson (4 minutes).
- Mid-Hudson Civic Center, Bardavon Theater, and Mid-Hudson Regional Hospital (5 minutes).
- Hudson River waterfront (6 minutes).
- Vassar Brothers Medical Center (8 minutes).
- Marist College, Vassar College, and Culinary Institute of America (10 minutes).
- IBM Poughkeepsie campus (12 minutes).
- Poughkeepsie Galleria and Shoppes at South Hills (15 minutes).

Caters to both local and commuter traffic.

Looking for the right person or team to continue and grow this local institution.

Detailed Information

Facilities:
Mixed-use single-story structure includes liquor store and adjacent 2 bedroom apartment. Floor area of store is approx. 1500 SF. All store fixtures and equipment are included in sale: checkout and Lottery counters, shelving, cash register, coolers, exterior signage, commercial-grade security system with video surveillance, and more. Existing wine and liquor inventory is not included in asking price. Two-bedroom, 1.5-bath apartment is approx. 1600 SF. Apartment provides additional income, living quarters, or possible expansion space.
Reason for Selling:
Long-time owner passed away. Property and business are being sold by executor.
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Asset Sale Listed By:
Eugene Ruoff

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