1 Civic Center PlzPoughkeepsie, NY 12601

Property Details for 1 Civic Center Plz

Year built

1953

Lot size

0.61 AC

Property size (Sq ft)

100,000 SF

Zone code

C-2

Property type

Office properties

Property subtype

Office buildings

APN

131300 6162-77-050111-0000

APU

9223372036854775807

Description

Located in Poughkeepsie, New York's Central Business District, One Civic Center Plaza offers a diverse range of office spaces within a five-story, Class B building. This multi-tenant property, originally developed by IBM, boasts over 102,000 square feet of total space, with 44,614 square feet currently available. Suites range from a minimum of 650 square feet to a maximum contiguous space of 20,650 square feet, accommodating businesses of various sizes. The building features 30 total suites and is conveniently connected to a 700-space parking garage. Its prime location at the corner of Main and Market Streets provides excellent visibility and accessibility. The property is zoned for retail, office, and medical uses, making it suitable for a wide array of tenants. The building's diverse tenant mix includes businesses, non-profit organizations, and government institutions, creating a vibrant and dynamic work environment. This exceptional opportunity presents a chance to secure office space in a well-established, centrally located building with ample parking and diverse zoning options in Dutchess County. The property's address is 1 Civic Center Plaza, Poughkeepsie, NY 12601.

• CAP approach

  CAP return

  Valuation

  6%

  $18,248,706

  6.5%

  $16,844,960

  7%

  $15,641,748

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,083,714

  Geo Method

  $13,066,000

• Alternative Use

  Use

  Valuation

  Residential

  $20,887,750

  Hospitality

  $19,133,066

  Educational

  $15,918,487

  Medical

  $16,465,948

  Retail

  $24,762,090

Location Insight

City

Poughkeepsie

County

Dutchess

State

New York

Latitude

41.7042

Longitude

-73.9283

CBSA code

39100

CBSA name

POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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