21 Raymond AvePoughkeepsie, NY 12603

Property Details for 21 Raymond Ave

Year built

2022

Lot size

1.06 AC

Property size (Sq ft)

49,311 SF

Zone code

ATC

Property type

Showrooms

APN

134689 6161-12-778745-0000

APU

9223372036854775807

Description

The Arlington, located at 21 Raymond Ave in Poughkeepsie, NY 12603, offers exceptional retail space within a thriving mixed-use development. This Class A property boasts a total of 5,167 square feet of commercial space, with one available unit ranging from 880 to 1,350 contiguous square feet. The building is situated on a highly visible corner lot at the intersection of Raymond Avenue and the Eastbound arterial, ensuring maximum exposure for your business. Benefit from the significant foot traffic generated by the 196 residential units (64 already completed) within The Arlington development, as well as the proximity to Vassar College and the surrounding community. This location offers unparalleled access to a vibrant customer base drawn to the neighborhood's restaurants, shops, and amenities. The available space is ideal for a variety of retail uses, providing a unique opportunity to establish a presence in a rapidly growing area of Dutchess County. The minimum divisible space is 880 square feet, while the maximum contiguous space available is 1,350 square feet. Don't miss this chance to secure a prime retail location in a dynamic and established community.

• CAP approach

  CAP return

  Valuation

  6%

  $13,227,109

  6.5%

  $12,209,639

  7%

  $11,337,522

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,258,295

  Geo Method

  $16,236,298

• Alternative Use

  Use

  Valuation

  Residential

  $10,299,287

  Hospitality

  $9,434,092

  Educational

  $7,849,054

  Medical

  $8,118,994

  Retail

  $12,209,639

Location Insight

City

Poughkeepsie

County

Dutchess

State

New York

Latitude

41.6943

Longitude

-73.9015

CBSA code

39100

CBSA name

POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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