25 Collegeview AvePoughkeepsie, NY 12603

Property Details for 25 Collegeview Ave

Year built

1920

Lot size

0.17 AC

Property size (Sq ft)

5,048 SF

Zone code

ATC

Property type

Investment properties

Property subtype

Live-work space

APN

134689 6161-12-881659-0000

APU

9223372036854775807

Description

This exceptional two-building, two-story property offers a 900 sq. ft. retail storefront office space for lease in the heart of Arlington's revitalized business district. Strategically located adjacent to Vassar College, this prime location boasts outstanding road frontage visibility and ensures high traffic. The property, renovated in 2018, is undergoing further improvements planned for spring, enhancing its already attractive features. The flexible ATC – Arlington Town Center zoning allows for diverse uses, including retail shops, dentist offices, chiropractor offices, craft studios, contractor offices, and more. Municipal sewer, water, and gas are readily available. This is an affordable leasing opportunity with property taxes and CAM charges included in the rent. Only one suite remains. The property's excellent location, coupled with its recent and planned improvements, presents a unique chance to establish a thriving business in a dynamic and desirable area. This is an ideal space for a business seeking high visibility and convenient access to a strong customer base.

• CAP approach

  CAP return

  Valuation

  6%

  $921,125

  6.5%

  $850,270

  7%

  $789,536

• Comparable approach

  Method

  Valuation

  Relative Method

  $660,465

  Geo Method

  $659,572

• Alternative Use

  Use

  Valuation

  Residential

  $1,054,334

  Hospitality

  $965,765

  Educational

  $803,505

  Medical

  $831,139

  Retail

  $1,249,896

Location Insight

City

Poughkeepsie

County

Dutchess

State

New York

Latitude

41.6917

Longitude

-73.898

CBSA code

39100

CBSA name

POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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