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489 Main St - Historic Trolley Barn 16,926 SF Specialty Building Offered at $1,744,900 CAD in Poughkeepsie, NY 12601

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INVESTMENT HIGHLIGHTS

Historic Trolley Barn updated and partially renovated to event space in 2018
Flexible zoning - Retail/Office/Medical/Hospitality/Apartments
Located in Downtown Poughkeepsie, close to Mid-Hudson Bridge, US-9/44/55

Facade restoration completed in 2018
Heavy power, municipal water/sewer, Natural Gas

EXECUTIVE SUMMARY

HVNY Commercial Team @KW is proud to exclusively present you the Historic Trolley Barn! This piece of Poughkeepsie history has been partially renovated to an event space with second floor mezzanine in the storefront area, an office/apartment on the second floor, and rear high-ceiling space with skylights just waiting for a new vision. A complete facade restoration was completed in 2018, giving a fresh historic look to the building.
Recent appraisal very close to asking price; owner looking for as-is sale with minimal contingencies.

Pages from FINAL ZONING CODE - ZONING REGS - MU5 (1)

Pages from FINAL ZONING CODE - PRINCIPLE USE - MU5 (1)

PROPERTY FACTS

Price	$1,744,900 CAD	Lot Size	0.64 AC
Price Per SF	$103.09 CAD	Building Size	16,926 SF
Sale Type	Investment or Owner User	No. Stories	2
Property Type	Specialty	Year Built	1920
Property Subtype	Lodge/Meeting Hall Flex Showroom General Retail Storefront Retail/Office General Retail Storefront Retail/Residential	Parking Ratio	1.18/1,000 SF
Building Class	C	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	MU-5 - Mixed-Use 5 Stories - Retail/Office/Medical/Hospitality

Price	$1,744,900 CAD
Price Per SF	$103.09 CAD
Sale Type	Investment or Owner User
Property Type	Specialty
Property Subtype	Lodge/Meeting Hall Flex Showroom General Retail Storefront Retail/Office General Retail Storefront Retail/Residential
Building Class	C
Lot Size	0.64 AC
Building Size	16,926 SF
No. Stories	2
Year Built	1920
Parking Ratio	1.18/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	MU-5 - Mixed-Use 5 Stories - Retail/Office/Medical/Hospitality