400 Westage Business Ctr DrFishkill, NY 12524

Property Details for 400 Westage Business Ctr Dr

Year built

1998

Lot size

7.62 AC

Property size (Sq ft)

72,222 SF

Zone code

PSC

Property type

Office buildings

APN

133089 6155-00-955561-0000

APU

9223372036854775807

Description

This exceptional Class A medical office building, located at 400 Westage Business Center Drive in Fishkill, NY, offers 72,589 square feet of space within a single, two-story building. Built in 2003 and extensively renovated in 2021, the property boasts a desirable location with excellent visibility from I-84 and convenient access to Route 9. The 7.62-acre lot provides ample parking with 300 spaces. Currently, 19,754 square feet of space is available, divisible into units ranging from 3,000 to 11,934 contiguous square feet. The building features a 9-foot ceiling height, one elevator, and is zoned PSC. The property includes twenty suites in total. Two ground floor medical office suites are immediately available, partially fitted-out for easy conversion to various uses. The larger suite, previously occupied by DRA Imaging, offers the potential for division into two smaller suites. This prime location in southern Dutchess County benefits from a thriving mix of medical offices, general offices, big-box retailers, restaurants, hotels, and shopping. Annual property taxes are $5.80 per square foot. This is an unparalleled opportunity to establish or expand your medical practice in a vibrant and well-connected community. The building's recent renovation ensures modern amenities and a professional environment.

• CAP approach

  CAP return

  Valuation

  6%

  $14,932,000

  6.5%

  $13,783,300

  7%

  $12,798,800

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,449,280

  Geo Method

  $9,436,530

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $27,210,900

  Retail / Commercial

  $13,939,000

  Mixed-Use / Specialty

  $13,877,800

  Hospitality / Lodging

  $10,166,700

  Institutional / Educational

  $14,423,200

  Residential Income

  $16,875,100

  Multifamily

  $20,302,900

  Automotive / Energy

  $12,362,700

  Parking / Income-Based Land

  $4,277,600

  Restaurant / Food Service

  $7,193,370

  Healthcare / Senior Housing

  $14,243,200

Location Insight

City

Fishkill

County

Dutchess

State

New York

Latitude

41.5243

Longitude

-73.8963

CBSA code

39100

CBSA name

POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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