40 Vassar Rd, Poughkeepsie, New York 12603
Hudson Valley Investment - Red Oaks Mill Shopping Center is a retail for lease in Poughkeepsie, New York. Key details: building status Existing. Listed by Tom Cervone of CR Properties Group, LLC on LoopingCloud and last updated May 18, 2026.
CR Properties Group is pleased to exclusively present a premier commercial leasing opportunity positioned within the highly sought-after, densely populated residential and institutional hub of Red Oaks Mill. Offered with Lease Rate Available Upon Request, this substantial 35,587 SF Class B commercial building features an exceptional, high-volume 20,174 SF end-unit storefront—the former home of a highly successful Rite Aid Pharmacy.
Located along the heavily traveled Vassar Road corridor in Poughkeepsie, NY 12603, this versatile asset combines Class B professional office architectural standards with prime, high-visibility retail exposure. It represents an elite flagship location for regional medical networks, corporate office headquarters, educational support complexes, urgent care facilities, or national retail brands looking to anchor their presence in a high-barrier-to-entry Dutchess County submarket.
Originally built in 1970 and meticulously maintained, this commercial asset is uniquely structured to support heavy customer foot traffic, high-volume retail transactions, or professional corporate layouts.
Total Building Footprint: 35,587 SF Class B professional commercial structure.
Available Storefront Space: A massive, wide-span 20,174 SF prominent end-unit, providing an expansive, open-concept canvas that can easily be customized to suit your company’s explicit architectural requirements.
Premium End-Unit Advantages: Benefit from maximum linear window frontage, increased natural light, distinct wrap-around exterior signage options, and superior corner visibility.
Abundant On-Site Parking Matrix: Features a massive, dedicated private asphalt parking lot, ensuring fluid, hassle-free ingress and egress for your staff, corporate fleets, patients, or daily retail clients.
Flexible Layout Adaptation: Perfect for a single-tenant corporate user or a multi-level professional layout dividing administrative offices from customer-facing showrooms.
The property commands a strategic position within Red Oaks Mill, a prosperous and stable neighborhood in the Poughkeepsie submarket. The defining economic driver of this specific location is its unprecedented proximity to a massive collection of world-class higher education networks, elite private academies, and high-ranking public school districts. This unique educational ecosystem filters tens of thousands of faculty members, administrative staff, students, and affluent families past the property daily.
Colleges & Universities: Vassar College, Marist College, Bard College, Dutchess Community College, The Culinary Institute of America (CIA), SUNY New Paltz, SUNY Orange, and SUNY Ulster.
Private & Religious Academies: Faith Christian Academy, Oakwood Friends School, Our Lady of Lourdes High School, and St. Martin de Porres School.
Spackenkill Public School District Houses: Spackenkill High School, Hagan Elementary School, Orville A. Todd Middle School, and Nassau Elementary School.
This dense concentration of institutional infrastructure creates a permanent daytime population boom, making this site an ideal location for medical offices, specialized training centers, corporate back-offices, or community-centric retail.
Positioned along Vassar Road—a primary commuter and local commerce corridor—this property boasts a highly direct, straightforward transit layout that connects your business instantly to major regional highway systems.
The property is easily accessible from the region's main commercial artery: From U.S. Route 9, turn onto Spackenkill Road (NYS Route 113), make a right turn onto Vassar Road, and the premier commercial destination will be immediately visible on your left. This direct pipeline places the building just minutes from the Mid-Hudson Bridge, central Poughkeepsie rail hubs, and the primary retail power centers of Dutchess County.
| Key Regional Marker / Infrastructure | Asset Type / Connection | Proximity Context |
| Vassar Road Frontage | Primary Commuter Corridor | High-Volume Daily Traffic Counts |
| U.S. Route 9 Corridor | Main Highway Connector | Minutes Away via Spackenkill Rd |
| Vassar & Marist Colleges | Major Institutional Anchors | Immediate Local Submarket |
| Spackenkill School District | Top-Tier Public School Base | Immediate Neighborhood Footprint |
Thanks to its legacy as a major national pharmacy, its Class B construction, and its massive open layout, this 20,174 SF end-unit can easily be transformed to anchor a variety of lucrative industries:
Regional Medical Centers & Urgent Care: Perfect for hospital networks looking to establish a multi-specialty outpatient facility, physical therapy clinic, or dental complex with abundant patient parking.
Corporate & Administrative Headquarters: Easily build out modern, perimeter offices, collaborative tech spaces, or wealth management suites with a dedicated client greeting lobby.
Educational Staging & Specialized Training: Ideally suited for private tutoring organizations, vocational schools, or collegiate administrative offices looking to sit adjacent to local campus pipelines.
National Retail Storefronts: Capitalize on the historic retail volume of the site for specialty grocery stores, hardware centers, pharmaceutical operations, or departmental soft goods.
Coveted Former Rite Aid Footprint: Take advantage of an in-place infrastructure model designed explicitly for high-capacity, mid-box retail and professional operations.
Dominant End-Unit Exposure: Command the most prominent position in the building, maximizing your brand visibility on heavily traveled Vassar Road.
Unmatched Educational Synergy: Position your business directly at the crossroads of Dutchess County’s largest student, faculty, and administrative demographic.
Hassle-Free Private Parking: A substantial dedicated lot eliminates parking friction, creating a seamless experience for your clients and workforce.
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
Address as shown by the lister.
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The property is in 40 Vassar Rd, Poughkeepsie, New York 12603, Dutchess County.
This is a retail for lease in the commercial category.
Tom Cervone of CR Properties Group, LLC listed this property. Use the Request Info button to send a message or call 845-485-3100 x3.
It was published on December 19, 2024 and last updated on May 18, 2026.
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