8.8 Acre Route 9 Development Site

1984 South Road Poughkeepsie, NY 12601

1984 South Road, Poughkeepsie, NY, 12601
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FOR SALE
Property Type:
Other Land
Amount:
$3,100,000
Last Verified:
Sep 20, 2024

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Description

Exceptional development opportunity at this prime 8.8 acre Route 9 property zoned Highway Business. Prominently situated in the sought-after Poughkeepsie area, the land is located on a busy commercial corridor with over 40,000 vehicles per day. Located across the road from the Poughkeepsie Galleria and adjacent to a new CubeSmart Self Storage, Walgreens, Healy Chevrolet, Petco, Chilis, Panera, Olive Garden, Hudson GMC, Foam and Wash, and many more. Existing curb cut, municipal water, sewer and natural gas. Concept plans available for hotel, pharmacy, retail pads, and other development concepts. This property offers an ideal location for retail investors seeking a high-traffic environment and strong demographics. Its strategic location is complemented by its proximity to major transportation routes, including I-84, I-87, Taconic State Parkway, and Metro North, making it a desirable commercial development site.

Discover the vibrant surroundings of the Poughkeepsie area. This 8.8 acre parcel is at the core of Dutchess County along the heavily traveled Route 9 commercial corridor. Located in a very active retail market area with low vacancy, major intersections, and Highway Business Zoning.

Lot Size: 8.83 acres


Documents

Sale Brochure

Map of 1984 South Road, Poughkeepsie, NY, 12601

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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.