Prime Corner Route 55 Sale/Lease

1054-1064 Freedom Plains Rd Poughkeepsie, NY 12603

FOR SALE
Property Type:
Commercial Land Development
Amount:
$1,300,000
Last Verified:
May 09, 2019


Description

Ideal Bank/Retail/Fast Food. Traffic counts exceed 18,000 VPD. Proposed 15,000 sq.ft. 1 story building. Highly visible 2.4 acres on Route 55 rotary. Parcel is at the entrance of an approved to-be-built town center. Commercially zoned.

Offered for sale: 1.3M Net ground lease: 90K/yr

South side of Route 55 on the corner of Freedom Road. Less than 1/2 mile from Taconic State Parkway and Arlington High School.

Lot Size: 2.4 acres

Map of 1054-1064 Freedom Plains Rd, Poughkeepsie, NY, 12603

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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.