8 Ibm RdPoughkeepsie, NY 12601

Property Details for 8 Ibm Rd

Year built

1951

Lot size

0.28 AC

Property size (Sq ft)

1,700 SF

Zone code

BN

Property type

Investment properties

Property subtype

Retail residential properties

APN

134689 6160-03-015172-0000

APU

9223372036854775807

Description

This exceptional 1,700-square-foot commercial building is available for sale at $595,000, representing a price per square foot of $350. Located at 8 IBM Road in Poughkeepsie, New York, 12601, this property enjoys a prime location on the southwest corner of IBM Road and Rosewood Road. The building is currently vacant and offers significant potential for a variety of uses, including medical, office, and service-oriented businesses. Its B-N zoning designation within the Business District allows for a range of commercial activities. The property boasts excellent highway visibility from US Route 9, benefiting from high traffic counts. Conveniently situated, it's just seven minutes from the Mid-Hudson Bridge and eighteen minutes from Interstate 84, providing easy access to major transportation routes. The 0.28-acre lot includes ample on-site parking. This is a rare opportunity to acquire a well-located commercial property with strong potential for growth and return on investment. The building's size and location make it an ideal investment for entrepreneurs and businesses seeking a high-traffic, easily accessible location in a thriving area. The property is offered as a Net Net Net (NNN) lease.

• CAP approach

  CAP return

  Valuation

  6%

  $353,980

  6.5%

  $326,751

  7%

  $303,412

• Comparable approach

  Method

  Valuation

  Relative Method

  $226,871

  Geo Method

  $226,564

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $640,681

  Retail / Commercial

  $328,193

  Hospitality / Lodging

  $239,373

  Office

  $324,527

  Institutional / Educational

  $339,592

  Residential Income

  $397,323

  Multifamily

  $478,035

  Automotive / Energy

  $291,079

  Parking / Income-Based Land

  $100,716

  Restaurant / Food Service

  $169,366

  Healthcare / Senior Housing

  $335,356

Location Insight

City

Poughkeepsie

County

Dutchess

State

New York

Latitude

41.651

Longitude

-73.9299

CBSA code

39100

CBSA name

POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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