Renovated Historic Office
2980 Church Street, Pine Plains, NY 12567
For Sale
Contact for pricing
Two storefronts offer flexibility, and the left unit includes basement access with storage space.
Property Size2,880 SF
Price / SF$0.64
Days on Market44
Property Features for 2980 Church Street
General Information
Standard status
Size
Property subtype
Space & Availability
Floor
Condition
Additional Details
Road Access
Property Use
Amenities
broad front windows
beautiful wood floors
high ceilings
abundant natural light
modern lighting
brand-new bathrooms
basement storage
Building Details
Year Built
Buildings
Listing Agency:
Corcoran Country Living
(845) 677-0505
Listed By:
Catherine A. Howard · License NY #10301220701
(212) 427-8997
Source:
Neilcharlesrealestate
Added: Sep 30
Changed: Nov 11
Last Checked: Nov 12 at 11:39AM
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 Corcoran Country Living
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Investment Insights
Based on property information with market context.
This 2,880-square-foot historic building, built in 1920, contains two storefront spaces with wood flooring, tall ceilings, broad display windows, updated lighting, and new bathrooms. The left storefront has basement access, including an area for storage. The units may be joined to form a larger space. Listed dimensions are 39' x 20' x 10H.
At 2980 Church Street in Pine Plains, the property is among established local businesses and across from Story Book Cafe and the Stissing Center’s corporate office. Stissing House and Champêtre are near the traffic light, with additional food and drink businesses in the surrounding area. The spaces are described for office and retail uses, including professional services, wellness businesses, boutiques, and galleries.
At 2980 Church Street in Pine Plains, the property is among established local businesses and across from Story Book Cafe and the Stissing Center’s corporate office. Stissing House and Champêtre are near the traffic light, with additional food and drink businesses in the surrounding area. The spaces are described for office and retail uses, including professional services, wellness businesses, boutiques, and galleries.
Key Highlights
- Two storefront units in a 2,880‑square‑foot historic building
- Built in 1920; renovated with new bathrooms and modern lighting
- Left storefront provides basement access and a storage area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,850
Suggested Prices Based on Cap Rates
Cap Rate 5%
$737,000
$737.0K
Cap Rate 7%
$526,429
$526.4K
Cap Rate 9%
$409,444
$409.4K
Market Conditions
NOI Build-Up for 2,880 SF
Gross rent
$55.0K $19.08/SF
− Vacancy
−$2.3K −$0.80/SF
EGI
$52.6K $18.28/SF
− OpEx
−$15.8K −$5.48/SF
NOI
$36.8K $12.80/SF
Area
Dutchess County, NY
Vacancy
4.20%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$737,000
Cap Rate 7%
$526,429
Cap Rate 9%
$409,444
Alternative Uses
Best Use
Office B
$658.5K
$576.2K – $768.3K
NOI $46,096 @ 7.0% cap
Second Best
Retail
$526.4K
$460.6K – $614.2K
NOI $36,850 @ 7.0% cap
Theoretical Best
Office A
$866.9K
$758.6K – $1.01M
NOI $60,685 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
168
Businesses Nearby
Explore this area
Business Placement
Demographics for 12567, NY
2,564
Population
1,434
Households
1.8
Avg Household Size
50
Median Age
42%
College-Educated
91%
High-School Grad
46.0 sq mi
ZIP Area
56
Density / Sq Mi
$95,982
Median Household Income
$53,140
Median Earnings
$1,455
Median Rent
$329,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Dutchess County, NY
Properties on Market for Office Units in Dutchess County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Two storefronts offer flexibility, and the left unit includes basement access with storage space.
Where is this office unit located?
The property is located at 2980 Church Street Pine Plains, NY.
What are key features of this property?
This property features: Two storefront units in a 2,880‑square‑foot historic building; Built in 1920; renovated with new bathrooms and modern lighting; Left storefront provides basement access and a storage area
