Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    South Ave Poughkeepsie, NY 12601

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    2.768-acre commercial development site with frontage on South Avenue.

    Type:Land
    Lot size:
    2.77 Acres
    Added:
    Nov 22, 2021
    Days on Market:
    1609
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for South Ave

    General Information

    Standard status
    Active
    Lot size
    2.77 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Thomas Cervone

    Listing agent Thomas Cervone License #NY 49CE0922865

    Listing office CR Properties Group LLC

    Listing date Nov 22, 2021

    Source Crexi

    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 CR Properties Group LLC

    Overview

    Poughkeepsie Commercial Development Site

    This commercial development site is available for sale on South Avenue in Poughkeepsie, New York. The property features 234.7 feet of frontage on U.S. Route 9 and 351.8 feet of frontage on South Avenue. Encompassing approximately 2.768 acres, the site is located in the R-D, Research & Development District, according to the City of Poughkeepsie Zoning Code. Its location offers proximity to Vassar Brothers Medical Center and borders U.S. Route 9, near the Mid-Hudson Bridge. This site is suitable for medical practices, physician groups, research and development, hotel development, and mid-rise residential projects. South Avenue transitions into Market Street, serving as a major feeder road into the Poughkeepsie Business District, enhancing the site's accessibility and visibility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Poughkeepsie
    County
    Dutchess
    State
    New York
    Longitude
    -73.9308535
    Latitude
    41.6959405

    Nearby Similar for Sale

    • $800,000

      Poughkeepsie Commercial Property For Sale

      Commercial property with warehouse and office space in Poughkeepsie.
      97 N Clinton Street, Poughkeepsie, NY 12601
      View Details
    • $395,000

      Poughkeepsie Commercial Building for Sale

      Two-story, 7,280 SF commercial building in Poughkeepsie, NY.
      383 Main Street, Poughkeepsie, NY 12601
      View Details
    • $499,000

      Multi-Home Property with Income Potential

      Two homes on one property with expansion opportunity.
      596-598 Freedom Plains Road, Poughkeepsie, NY 12603
      View Details
    • $4,400,000

      Poughkeepsie Multi-Tenant Retail/Office Asset

      Multi-tenant retail/office asset with development potential in Poughkeepsie, NY.
      347 Main Street, Poughkeepsie, NY 12601
      View Details
    • $1,900,000

      Class A Office/Industrial Building

      Updated commercial building with office and warehouse functionality.
      36 Cottage Street, Poughkeepsie, NY 12601
      View Details
    • $750,000

      Poughkeepsie Retail Investment Opportunity

      Single-story brick building with high traffic and investment potential.
      794 Dutchess Turnpike, Poughkeepsie, NY 12603
      View Details
    • $1,290,000

      Mixed-Use Building in Downtown Poughkeepsie

      Mixed-use building with commercial and residential units in prime location.
      302-304 Main Street, Poughkeepsie, NY 12601
      View Details
    • $550,000

      Poughkeepsie Colonial Two-Family Home

      Two-family home on 0.68 acres near Route 9 and MetroNorth.
      680 Vassar Road, Poughkeepsie, NY 12603
      View Details
    • $700,000

      Development Opportunity in Downtown Poughkeepsie

      Multi-family property with redevelopment potential in a rapidly evolving corridor.
      50 Academy Street, Poughkeepsie, NY 12601
      View Details
    • $700,000

      Development Opportunity in Downtown Poughkeepsie

      Multi-family property with vacant parcels in evolving downtown corridor.
      54 Academy Street, Poughkeepsie, NY 12601
      View Details
    • $365,000

      Poughkeepsie Multifamily Investment Opportunity

      Two-unit property near train, waterfront, and Walkway over the Hudson.
      83 Albany Street, Poughkeepsie, NY 12601
      View Details
    • $699,975

      Poughkeepsie Multifamily Development Opportunity

      1.65-acre RM zoned land suitable for multifamily or healthcare development.
      18 Dorland Avenue, Poughkeepsie, NY 12603
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.768-acre commercial development site with frontage on South Avenue.
    Where is this commercial land located?
    The property is located at South Ave Poughkeepsie, NY.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: Gateway Site location near Mid‑Hudson Bridge and U.S. Route 9.; 2.768 acres of land area.; **234.7 feet of frontage on U.S. Route 9.**
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Thomas Cervone
    Real Estate License ID: NY 49CE0922865
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!