Log In/Sign Up
Your email has been sent.
Downtown Redevelopment - Opportunity Zone 359 Mill St 10,227 SF 100% Leased Retail Building Poughkeepsie, NY 12601 $2,427,950 CAD ($237.41 CAD/SF) 6.95% Cap Rate
INVESTMENT HIGHLIGHTS
- Heavy Auto Traffic along NYS-44/55 Poughkeepsie
- Current Income $153,000/yr - Potential $200,000
- Zoning Overlay allows for 6-8 Stories Mixed-use Development
EXECUTIVE SUMMARY
Possible redevelopment with in-place $153,000 income and nearly $200,000 potential income. Totaling an acre, situated on the corner of Mill St and N Hamilton. Sale consists of 4 parcels total, 2 of them are vacant land. Other two parcels - 355 Mill currently warehouse/office owner occupied, and 359 Mill - 4 family home of 1 bedrooms, a studio and salon, and 8 garages total in the rear of the lot. All spaces are occupied while you go get your approvals for 6-8 stories mixed-use development (zoned as-of-right).
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
10,227 SF
Building Class
C
Year Built
1920
Price
$2,427,950 CAD
Price Per SF
$237.41 CAD
Cap Rate
6.95%
NOI
$168,708 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
0.97 AC
Zoning
PID-B - Poughkeepsie Innovation District B - 6-8 Stories Mixed-use Development
Parking
5 Spaces (0.49 Spaces per 1,000 SF Leased)
Frontage
69’ on Mill St
Walk Score®
Walker's Paradise (91)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 131300-6162-78-217082-0000 | Improvements Assessment | $223,533 CAD |
| Land Assessment | $81,911 CAD | Total Assessment | $305,444 CAD |
PROPERTY TAXES
Parcel Number
131300-6162-78-217082-0000
Land Assessment
$81,911 CAD
Improvements Assessment
$223,533 CAD
Total Assessment
$305,444 CAD
1 of 6
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Downtown Redevelopment - Opportunity Zone | 359 Mill St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.