198 Main Street,

Poughkeepsie City, NY

$599,000

Fantastic 3000 ft 3-unit mixed use building on bustling Main St Poughkeepsie. 2000 ft residential & 1000 ft commercial. All units leased. Storefront currently in use as a hair salon. Building boasts brick construction, 2 rear balconies with seasonal Hudson River views and rear garden area. Easy walk to Metro North, community centers, entertainment, recreation, shops, restaurants & more. Quick car ride to Vassar College, Marist College, Vassar Brothers Medical Center, Walkway Over the Hudson, American Culinary Institute & Dutchess Community College. Plenty of public parking available across the street. Property offered at 6.7% cap, with a potential pro forma cap rate of 9%+ with interior updates and market rents. Virtual Tour & Offering Memorandum available upon request! Interested buyers we please ask you provide proof of funds. For appointments, please contact us through Showingtime with at least 48 hours notice. Call us anytime for more information we are happy to help.

Facts & Features

MLS® # H6318376

Price $599,000

Bathrooms 0.00

Acres 0.00

Year Built 1900

Type Commercial Sale

Sub-Type Mixed Use

Status Active

MLS hgmls

Community Information

Address 198 Main Street

City Poughkeepsie City

County Dutchess

State NY

Zip Code 12601

Amenities

Is Waterfront No

Has Pool No

Interior

Appliances Dishwasher, Dryer, Freezer, Microwave, Oven, Refrigerator

Heating Electric, Natural Gas, Baseboard, Heat Pump

Cooling Wall Unit(s)

Has Basement No

Fireplace No

Exterior

Construction Brick

School Information

District Poughkeepsie

Additional Information

Date Listed July 17th, 2024

Zoning C-2 Central Commercial

Short Sale No

RE / Bank Owned No

Listing Details

Listing Courtesy of Manisali Services, LLC

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Listing information last updated on July 17th, 2024 at 4:20pm EDT.

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198 Main Street,

$599,000

Purchase & Financing Information