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Downtown Redevelopment - Opportunity Zone 359 Mill St

10,227 SF 100% Leased Retail Building Poughkeepsie, NY 12601 $2,512,807 CAD ($245.70 CAD/SF) 6.95% Cap Rate

Retail Buildings New York Poughkeepsie 359 Mill St, Poughkeepsie, NY 12601

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
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,227 SF
Building Class
C
Year Built
1920
Price
$2,512,807 CAD
Price Per SF
$245.70 CAD
Cap Rate
6.95%
NOI
$174,604 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
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Walk Score®
Very Walkable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

NEARBY MAJOR RETAILERS

Chase Bank
Rent-A-Center
Golden Krust
TD Banknorth

PROPERTY TAXES

Parcel Number 131300-6162-78-217082-0000 Improvements Assessment $222,153 CAD
Land Assessment $85,922 CAD Total Assessment $308,076 CAD

PROPERTY TAXES

Parcel Number
131300-6162-78-217082-0000
Land Assessment
$85,922 CAD
Improvements Assessment
$222,153 CAD
Total Assessment
$308,076 CAD
(845) 242-4381

CONTACTS

  • Listing ID: 26771421

  • Date on Market: 2022-10-04

  • Last Updated:

  • Address: 359 Mill St, Poughkeepsie, NY 12601

The Poughkeepsie Retail Property at 359 Mill St, Poughkeepsie, NY 12601 is currently available. Contact Keller Williams Realty Partners for more information.

RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS

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Downtown Redevelopment - Opportunity Zone | 359 Mill St
(845) 242-4381 x

Downtown Redevelopment - Opportunity Zone | 359 Mill St

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Don Minichino

(845) 242-4381

(845) 242-4381

Justin LaFalce

(845) 224-5792

(845) 224-5792

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