00 Route 55
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
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| Sep 20, 2026 | In contract | - | |
| In contract | |||
| Aug 11, 2026 | Listed by Ellis Sotheby's Intl Realty | $250,000 | |
| Listed by Ellis Sotheby's Intl Realty | |||
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Welcome to Pawling in the lovely and scenic Hudson Valley. This 3.7 acre lot is a blank raw canvas awaiting your vision. Zoned for a single family home. Please see 2 additional listings ml# 1037478 and ml#1035919 for additional acreage, and residence.
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| Apr 13, 2026 | Listed by Houlihan Lawrence Inc. | $875,000 | |
| Listed by Houlihan Lawrence Inc. | |||
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This prime 25.2-acre commercial parcel on Route 55 is a rare large-scale development opportunity in one of Dutchess County’s most active high-growth corridors. Positioned at the intersection of Union Vale and LaGrange, the property combines expansive acreage with significant visibility to serve regional commercial or residential needs. It features 700 feet of direct frontage on Route 55, providing exceptional visibility and high-traffic exposure, and only minutes from the Taconic State Parkway, offering easy access to Poughkeepsie, Millbrook, and the greater Hudson Valley. The property’s zoning and scale support a wide variety of high-impact uses; Large-Scale Commercial: Ideal for corporate business offices, medical complexes, or retail centers; Residential or Mixed-Use: Potential for individual lot development or integrated residential communities, following the regional trend toward smart-growth master planning; Specialized Facilities: With special permits, the site could host child care centers, restaurants, or recreational facilities and; Natural Integration: Ample space for recreation or conservation elements to enhance a high-end development.
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| Apr 11, 2026 | No longer available | - | |
| No longer available | |||
| Jul 11, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017