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Property profile

18 Dorland Ave Poughkeepsie, NY 12603

FOR SALE
Mixed-use properties
Property ID
US63-0454821
1.62 ac lot
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Property summary

AI-generated overview

This exceptional 1.62-acre property located at 18 Dorland Ave, Poughkeepsie, NY 12603, presents a compelling redevelopment opportunity within the desirable Arlington School District of Dutchess County. Currently listed at $699,775, the site is zoned Residential Multi-Family (R M), allowing for the construction of a multi-family complex containing up to ten units. Building height is estimated at approximately 40-45 feet. Convenient sewer line access is available on Durocher Terrace and Dorland Avenue. While an existing three-bedroom, two-bathroom structure with an indoor pool is present on the property, it is condemned and inaccessible. This presents a blank canvas for a new development. Permitted uses, subject to specific zoning regulations, also include dwelling multifamily units, family day care homes, hospitals, nursing homes, alternate care housing, and public utility structures. This is a rare chance to acquire a significant parcel in a sought-after area, offering substantial potential for a high return on investment. The property's size and zoning make it an ideal candidate for a lucrative multi-family development project. Serious inquiries are encouraged to explore this unique redevelopment opportunity further.

Property profile

Verified
Property type Mixed-use properties
Lot 1.62 ac (70,567 SF)
UPID US63-0454821

Cap rate & NOI

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

Location

18 Dorland Ave Poughkeepsie, NY 12603
Poughkeepsie metro
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Value estimations

Realmo proprietary · 4 methods
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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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