297 Mill St Poughkeepsie, NY 12601
- Investment properties
- 4,080 SF
- 0.20 lot acres
Current Use by Public Records
- Eric S. Shiller Law Office, P.C. / Criminal Justice Attorney / Family Law Attorney
- 360 Property Management / Property Management Company
- Primerica / Insurance Agency
- River Realty Services, Inc. / Property Management Company / Commercial Real Estate Agency
Property Details for 297 Mill St
- Year built
- 1910
- Lot size
- 0.20 lot acres
- Property size
- 4,080 SF
- Zone code
- C-2
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 131300 6162-69-116145-0000
- APU
- 9223372036854775807
Description
This exceptional 4,080 square foot multi-tenant office building is ideally situated in Poughkeepsie's Central Business District, offering a prime location with high visibility. The Class B property boasts 100% occupancy and is priced at $499,000, or $122.30 per square foot. Located on a 0.2-acre lot with direct frontage on US Route 44/NYS Route 55, it benefits from exceptional traffic counts (5,593 AADT). The building's strategic location provides easy access to key amenities, including the Dutchess County Courthouse, municipal offices, Poughkeepsie Train Station (serving Metro-North Hudson Line and Amtrak), MidHudson Regional Hospital, Vassar Brothers Medical Center, Marist College, Vassar College, Dutchess Community College, and the Culinary Institute of America. Furthermore, the property is surrounded by local shopping, dining, and community events, enhancing its appeal and potential for continued success. This versatile property is suitable for a variety of office uses, including creative, medical, and traditional office spaces, making it an attractive investment opportunity in a thriving and convenient location. The building's strong occupancy rate and prime location make it a compelling investment prospect.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $235,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $225,000
- 6.5%
- $255,000
- 7%
- $245,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $230,000
- Geo Method
- $260,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $190,000
- Retail
- $225,000
- Mixed-Use
- $225,000
- Hospitality
- $225,000
- Educational
- $250,000
- Residential Income
- $205,000
- Energy
- $195,000
- Income-Based Land
- $250,000
- Food Service
- $250,000
Location Insight
- Map
- Local Demand
- City
- Poughkeepsie
- County
- Dutchess
- State
- New York
- Longitude
- -73.9258
- Latitude
- 41.7052
- CBSA code
- 39100
- CBSA name
- POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA
