359 Mill St - Freestanding FOR SALE


Poughkeepsie, NY 12601
$1,750,000 USD
845-242-4381
359 Mill St, Poughkeepsie, NY for Sale
$1,750,000 USD
Freestanding - FOR SALE
1/5
null | 6.95% Cap Rate

359 Mill St
Poughkeepsie, NY 12601


HIGHLIGHTS

  • Heavy Auto Traffic along NYS-44/55 Poughkeepsie
  • Zoning Overlay allows for 6-8 Stories Mixed-use Development
  • Current Income $153,000/yr - Potential $200,000

OVERVIEW

Possible redevelopment with in-place $153,000 income and nearly $200,000 potential income. Totaling an acre, situated on the corner of Mill St and N Hamilton. Sale consists of 4 parcels total, 2 of them are vacant land. Other two parcels - 355 Mill currently warehouse/office owner occupied, and 359 Mill - 4 family home of 1 bedrooms, a studio and salon, and 8 garages total in the rear of the lot. All spaces are occupied while you go get your approvals for 6-8 stories mixed-use development (zoned as-of-right).

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$171 USD /SF

CAP RATE

6.95%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Downtown Redevelopment - Opportunity Zone

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Dealership, Office/Residential, Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,253 SF

ZONING

PID-B

APN/PARCEL ID

131300-6162-78-217082-0000,131300-6162-78-225079-0000

ASK ABOUT THIS PROPERTY

Don MinichinoKeller Williams Realty PartnersMore Info
845-242-4381

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Don MinichinoKeller Williams Realty PartnersMore Info
845-242-4381

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.