63 Cannon StPoughkeepsie, NY 12601

Property Details for 63 Cannon St

Year built

1981

Lot size

0.03 AC

Property size (Sq ft)

4,356 SF

Zone code

C-2

Property type

Investment properties

Property subtype

Live-work space

APN

131300 6162-77-102032-0000

APU

9223372036854775807

Description

This 650-square-foot office suite is located at 63 Cannon Street in Poughkeepsie, New York, zip code 12601. The space is part of a three-story mixed-use building constructed in 1898 and extensively renovated in 2019. The building is situated in the city's Central Business District, within a block of over 200 recently renovated or newly constructed apartments, with an additional 300+ apartments planned for the immediate area. The property features a total of 3,138 square feet, divided into six suites. This particular suite offers a flexible layout suitable for various office configurations, including traditional, coworking, creative, or executive office uses. The minimum divisible space is 650 square feet, and the maximum contiguous space available is also 650 square feet. The property's zoning is PID-HC, and its APN is 131300-6162-77-102032-0000. The building's address is easily accessible via Academy Street. This is a unique opportunity to secure a well-located office space in a thriving urban environment. The suite is currently vacant and ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $794,908

  6.5%

  $733,762

  7%

  $681,350

• Comparable approach

  Method

  Valuation

  Relative Method

  $569,927

  Geo Method

  $569,155

• Alternative Use

  Use

  Valuation

  Residential

  $909,864

  Hospitality

  $833,431

  Educational

  $693,405

  Medical

  $717,252

  Retail

  $1,078,630

Location Insight

City

Poughkeepsie

County

Dutchess

State

New York

Latitude

41.702

Longitude

-73.9263

CBSA code

39100

CBSA name

POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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