35 High St Poughkeepsie, NY 12601-1953

Property Details for 35 High St

Year built

1925

Lot size

0.76 lot acres

Property size

15,762 SF

Zone code

I-1

Property type

Warehouses

APN

131300 6162-62-217286-0000

APU

9223372036854775807

Description

This exceptional investment opportunity presents a 27,500-square-foot multi-tenant industrial property located at 35 High Street in Poughkeepsie, New York, 12601. The property, offered at $1,325,000 ($48.18/SF), boasts a strong 6.97% cap rate and comprises seven individual units, each averaging $189,285.71. The building features a mix of warehouse, office, and storage spaces, catering to a diverse tenant base. Situated in downtown Poughkeepsie, this property benefits from a robust local economy driven by education, healthcare, technology, and manufacturing sectors. The presence of prestigious institutions like Vassar College and the Culinary Institute of America contributes to the area's vibrant cultural landscape. Poughkeepsie's steady employment growth, particularly in healthcare, advanced manufacturing, and technology, is further enhanced by its proximity to major metropolitan areas, making it an attractive location for businesses and commuters. This property offers a compelling value-add opportunity for a savvy investor seeking a well-located, multi-tenant industrial asset in a thriving market. The lease type is gross, making management straightforward. This is a for-sale-by-owner listing.

Location Insight

City

Poughkeepsie

County

Dutchess

State

New York

Longitude

-73.9222

Latitude

41.709

CBSA code

39100

CBSA name

POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments