Log In/Sign Up
Your email has been sent.
Stabilized Multi-Tenant Medical/Office Asset 347 Main St 33,421 SF 93% Leased Office Building Poughkeepsie, NY 12601 $8,405,678 CAD ($251.51 CAD/SF)
Investment Highlights
- Located within newly formed Downtown Business Improvement District in Poughkeepsie, N.Y.
- Cash-Flowing Asset w/ Development Upside - Potential for 50-Unit or more Apartment Building over the parking lot as-of-right
- Nearly 100% Occupied, Triple Net Credit Tenants - U.S. Government, CareFull MD
- NYS recently awarded City of Poughkeepsie $10MM towards the creation of 400+ new apartments Downtown
- Federal Opportunity Zone Benefits Available
Executive Summary
Stabilized office/medical asset on oversized lot - zoning as-of-right allows for four stories over parking lot (50-60 units; more if 20% are designated Affordable). Owner looking to sell with usual investment asset contingencies.
Data Room Click Here to Access
- Operating and Financials
Property Facts
Sale Type
Investment
Property Type
Building Size
33,421 SF
Building Class
B
Year Built/Renovated
1860/2005
Price
$8,405,678 CAD
Price Per SF
$251.51 CAD
Percent Leased
93%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
16,711 SF
Building FAR
0.66
Lot Size
1.17 AC
Opportunity Zone
Yes
Zoning
PID-A - Poughkeepsie Innovation District - Retail, Office, Medical, Apartments
Parking
80 Spaces
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- CareFull MD
- Health Care and Social Assistance
-
99,999 SF
- -
- -
- United States Bankruptcy Courth- Southern District
- Professional, Scientific, and Technical Services
-
99,999 SF
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| CareFull MD | Health Care and Social Assistance | 99,999 SF | - | - | ||
| United States Bankruptcy Courth- Southern District | Professional, Scientific, and Technical Services | 99,999 SF | - | - |
1 1
Very walkable
80/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 131300-6162-78-146072-0000 | Improvements Assessment | $4,759,543 CAD |
| Land Assessment | $208,075 CAD | Total Assessment | $4,967,618 CAD |
Property Taxes
Parcel Number
131300-6162-78-146072-0000
Land Assessment
$208,075 CAD
Improvements Assessment
$4,759,543 CAD
Total Assessment
$4,967,618 CAD
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Stabilized Multi-Tenant Medical/Office Asset | 347 Main St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.