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322 Main St

7,600 SF 100% Leased Retail Building Poughkeepsie, NY 12601 $969,229 CAD ($128 CAD/SF) 8.03% Cap Rate

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Investment Highlights

Located in Poughkeepsie Central Business District
Ideal for Investor or Owner-Occupier (HUGE Ground-Floor Restaurant Space)

Fully Occupied 4-story 4-unit Walk-up

Executive Summary

Located in Poughkeepsie Central Business District, this 4-story mixed-use building has slowly undergone renovations over the past 10 years by the owner and prior ground-floor tenant. Building features two commercial units (ground-floor lounge, 2nd floor tattoo parlor) and two residential units (3rd floor 2BR, 4th floor 2BR) with a full basement, fully occupied, relatively new tenants with short-term leases (1-3 years). Updates include a new roof in 2021, separated electric/gas/water meters and window A/C units.

FINANCIALS - 322 Main Poughkeepsie NY