24 Unit Approved Development

Sheafe Road Poughkeepsie, NY 12601

Sheafe Road, Poughkeepsie, NY, 12601
Sheafe Road, Poughkeepsie, NY, 12601
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$850,000
Last Verified:
Mar 01, 2019

Highlights

  • Shovel Ready
  • Municipal Water/Sewer
  • Very low market vacancy rates
  • Growing local economy
  • Strong area demographics
  • Near IBM, Vassar Hosptial, Marist, Vassar College, Culinary Institute of America

Description

Approved shovel-ready multi-unit development in the town of Poughkeepsie. Proposed single level floor plans with 12 second floor units and 12 1st floor units in two buildings. The two building footprints are 209x36. All units measured at 30x36 or 1,080 square feet. Simple elevation with asphalt shingles, vinyl siding, cedar shake/cultured stone/ standing seam accents and 56 parking spaces. Nice level site with all utilities run to the property. Adjacent parcel to the north is a new hotel under construction and to the south is a former warehouse property undergoing a renovation and change of use. Very nice area with easy access to amenities, area employers and colleges.

Convenient location just off Route 9 in the town of Poughkeepsie in Wappingers School District. The site is situated close to a multitude of employers and amenities: IBM, Vassar College, Marist College, Poughkeepsie Galleria, Restaurants and Shops. Two adjacent developments currently underway.

Building Size: 30096.0sq ft
Lot Size: 2.13 acres

Map of Sheafe Road, Poughkeepsie, NY, 12601

Presented by:
Thumb_default

Request additional information
Icon_default


Send a message
Share this Listing

Not Interested In This Property? TheBrokerList.com Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.