Renovated Commercial Space
For Sale
$470,000
1 Cottage St, Poughkeepsie, NY 12601
Renovated commercial space suitable for various business uses.
Property Size3,300 SF
Price / SF$142.42
Days on Market99
Property Features for 1 Cottage St
General Information
Standard status
Active
Size
3,300 SF
Property subtype
Industrial
Building Details
Year Built
1953
Listing Agency:
(845) 518-9247
Listed By:
Michelle V. Ayala · License #NY 30AY0791919
(845) 518-9247
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 31 at 12:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Michelle V. Ayala
Investment Insights
Based on property information with market context.
This renovated commercial space offers over 3,300 square feet. Currently used as a non-conforming business, this property features a 15-foot ceiling, insulation, and two heating systems. It includes a full bath and a half, along with two 12-foot overhead doors. The layout comprises a separate woodworking room, a main area designed for upholstery work, and an open back room with a half bath. A loft area provides additional storage. The property is fully fenced and equipped with security cameras and a monitored service contract, with a direct connection to the fire department. The zoning is RNC, and the location is near the Business District and the Waterfront. Permitted uses include construction of 1 to 4 units, short-term rentals, residences, townhomes, parks or recreation facilities, places of worship, public or community facilities, community gardens, day care centers, homes, greenhouses, and keeping of household pets. Special permit uses include cluster development, professional offices in residences, cemeteries, golf, tennis, or swimming clubs, public, private, or parochial schools, and pre-schools. The property has a bike score of 50, indicating it is bikeable, a walk score of 37, indicating it is car-dependent, and a transit score of 47, indicating some transit options are available.
Key Highlights
- Renovated 3,300+ sq. ft. commercial space with recent improvements.
- Zoned RNC with potential for similar non‑conforming use or permitted uses like residential, short‑term rentals, or community facilities.
- Features include 15‑foot ceilings, two 12‑foot overhead doors, separate woodworking room, and private office.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.0k | $19.08 |
| − Vacancy | −$2.6k | −$0.80 |
| EGI | $60.3k | $18.28 |
| − OpEx | −$18.1k | −$5.48 |
| NOI | $42.2k | $12.80 |
3,300 SF · lease $19.08/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$773.9K
$677.1K – $902.8K
NOI $54,170 @ 7.0% cap · market cap 11.53%
Second Best
Retail
$603.2K
$527.8K – $703.7K
NOI $42,224 @ 7.0% cap · market cap 8.98%
Theoretical Best
Office A
$993.4K
$869.2K – $1.16M
NOI $69,535 @ 7.0% cap · market cap 14.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,833
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12601, NY
44,264
Population
17,972
Households
2.5
Avg Household Size
35
Median Age
30%
College-Educated
88%
High-School Grad
18.3 sq mi
ZIP Area
2,419
Density / Sq Mi
$64,769
Median Household Income
$37,259
Median Earnings
$1,376
Median Rent
$275,800
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Asia City Smoothie Acai juice bar — 311 Main St, Poughkeepsie, NY 12601
- Catering Co at the Palladium — 258 Church St, Poughkeepsie, NY 12601
Frequently Asked Questions
What type of property is this?
Flex space - Renovated commercial space suitable for various business uses.
Where is this flex space located?
The property is located at 1 Cottage St Poughkeepsie, NY.
What is the asking price?
The asking price for this property is $470,000.
What are key features of this property?
This property features: Renovated 3,300+ sq. ft. commercial space with recent improvements.; Zoned RNC with potential for similar non‑conforming use or permitted uses like residential, short‑term rentals, or community facilities.; Features include **15‑foot ceilings**, **two 12‑foot overhead doors**, separate woodworking room, and private office.
