FOR SALE

INVESTMENT SALE – NEW FIVE YEAR LEASE WAREHOUSE / DISTRIBUTION / 2 BAY GARAGE

U.S. RTE 44 / NYS RTE 55 - POUGHKEEPSIE, NY

EAST-WEST ARTERIAL FRONTAGE 362 & 364 Mill Street

Poughkeepsie, NY 12601

Location: From the Mid-Hudson Bridge continue east onto Church Street / East-West

arterial for one mile. Turn left onto South Cherry Street then turn left onto the East-

West arterial / Maple Street. The destination will be on the left.

Description: CR Properties Group is pleased to offer for sale a commercial property in

Poughkeepsie’s Central Business District. The site is located along the southwestern

side of Mill Street / U.S. Route 44 and is approximately one mile northeast of the

Mid-Hudson Bridge. The offering is comprised of two adjoining parcels with a

one-story masonry block and brick sided building consisting of administrative offices,

mezzanine and storage areas, restrooms, and a partial basement as well as a two bay

garage and warehouse space.

U.S. RT 44 / NYS RT 55 Frontage: 59.4’ – 362 Mill Street [A]

40.0’ – 364 Mill Street [B]

Acreage: 0.22 ± Acres – 362 Mill Street [A]

0.14 ± Acres – 364 Mill Street [B]

0.36 ± Acres – Total

Square Feet: 2,688 ± SF – 362 Mill Street [A]

6,365 ± SF – 364 Mill Street [B]

9,053 ± SF – Total

Amenities:

One-Story Masonry Block and Brick Sided Commercial Structure

Three Mezzanine Areas

Administrative Offices

Storage Areas

2 Bay Garage

Warehouse

Restroom Facilities

Partial Basement

12 On-Site Parking Spaces

Demographics: 3 Miles 5 Miles 7 Miles

Population 62,750 95,002 126,611

Avg. HH Income $68,212 $78,643 $83,400

# of Households 22,914 34,470 46,729

Asking Price: $525,000, 5 year lease expected revenue of $300,000+

** ALL DATA BELIEVED TO BE ACCURATE BUT NOT WARRANTED **

CR Properties Group, LLC

295 Main Street

Poughkeepsie, NY 12601

Thomas M. Cervone (845)485-3100

tom@crproperties.com

www.crproperties.com

New FiveYear Lease

$300,000 of Tenant Income