748 Main StPoughkeepsie, NY 12603

Property Details for 748 Main St

Year built

1975

Lot size

0.19 AC

Property size (Sq ft)

8,100 SF

Zone code

ATC

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

134689 6161-07-710830-0000

APU

9223372036854775807

Description

This exceptional investment opportunity encompasses a versatile 8,100-square-foot flex building situated on a 0.19-acre lot at 748 Main Street in Poughkeepsie, New York. Constructed in 1975, the building boasts a flexible layout ideal for a variety of uses, including retail, office, medical, or light industrial tenants. The space features a showroom, multiple offices, and a warehouse/workshop area with convenient high-bay drive-in door access. Its Arlington Town Center zoning allows for diverse occupancy and even presents the possibility of vertical expansion for residential development. Ample street parking is readily available, with the added option of leasing additional spaces from a neighboring business. This offering is further enhanced by the inclusion of two single-family homes located at 6 and 8 Streit Avenue. These properties currently generate a combined monthly rental income of $3,000, with a projected potential of $4,000 per month. The main building is heated by oil, with above-ground tanks. This unique portfolio presents a compelling blend of commercial and residential income streams, making it an attractive investment prospect with significant upside potential. The asking price for this entire portfolio is $1,350,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,832,795

  6.5%

  $1,691,811

  7%

  $1,570,967

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,642,659

  Geo Method

  $1,640,436

• Alternative Use

  Use

  Valuation

  Residential

  $1,691,811

  Hospitality

  $1,549,690

  Educational

  $1,289,324

  Medical

  $1,333,665

  Retail

  $2,005,614

Location Insight

City

Poughkeepsie

County

Dutchess

State

New York

Latitude

41.6964

Longitude

-73.9042

CBSA code

39100

CBSA name

POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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