748 Main StPoughkeepsie, NY 12603

This exceptional investment opportunity presents a versatile 8,100-square-foot flex building situated on a 0.19-acre lot at 748 Main Street in Poughkeepsie, New York, 12603. The property, built in 1975, boasts a showroom, multiple offices, and a warehouse/workshop featuring a high-bay drive-in door, ideal for a variety of uses. Currently vacant, the building is zoned Arlington Town Center (ATC), permitting retail, office, medical, and light industrial uses, with the potential for vertical expansion to add apartments. The property includes municipal water/sewer, natural gas, and robust 400AMP electrical service. Recent upgrades include a new roof and furnace. Adding significant value, the sale includes two adjacent single-family homes generating a combined annual income of $36,000. These homes could serve as additional income streams, or potentially be repurposed for expanded parking or drive-thru access to the main building. The property's prime location near Vassar College and major roadways, including US-9, US-44/55, the Taconic State Parkway, and the Mid-Hudson Bridge, ensures high visibility and accessibility. Owner financing is available, offering a 5-year loan at 6.5% interest with a 30-year amortization and 50% down payment. This unique package presents a compelling opportunity for significant return on investment. Street parking is available, with potential to lease additional spots from a neighboring business.