Property profile

260 Boardman Rd Poughkeepsie, NY 12603

OFF-MARKET
Specialty properties
80,635 SF 34 ac lot
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Property summary

AI-generated overview

This exceptional 80,635-square-foot educational campus in Poughkeepsie, NY, sits on a sprawling 34-acre lot and offers a unique investment opportunity. The property comprises two main buildings: the 24,510-square-foot Kenyon House, a Mediterranean-style mansion featuring classrooms, a library, and administrative offices, and the 56,125-square-foot Gilkeson Center, which houses a 300-seat performing arts theater, an indoor basketball court, a library, kitchen, dining hall, and numerous classrooms and specialty rooms for science, art, dance, and music. Both buildings are primarily three stories with walkout basements, are fully air-conditioned (except the Gilkeson Center gym), and feature wet sprinkler systems (except the Gilkeson Center gym). The Kenyon House has an elevator. Both buildings have undergone multiple renovations, with recent upgrades in 2011, 2012, and 2013. The campus also boasts extensive recreational fields for baseball and soccer, a playground, and ample parking for 149 vehicles (119 paved, 30 gravel). Additional income streams are generated by solar panels offsetting electricity usage in the Gilkeson Center and a leased cell tower. The IN - Institutional zoning permits a wide range of uses, including educational facilities, training centers, medical facilities, offices, and more. The asking price is $9,800,000, with a price per square foot of $121.54. This property presents a rare chance to acquire a versatile and well-equipped campus in a desirable location.

Property profile

Verified
Property type Specialty properties
Total area 80,635 SF
Lot 34 ac (1,481,040 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • High School
  • Theater & Performing Art Venue
  • Sports Field & Court

Location

260 Boardman Rd Poughkeepsie, NY 12603
Poughkeepsie metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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