Shown from OneKey MLS. McGrath Realty does not represent this property. We can arrange to show it to you and represent you in buying it.
Building
12,832 SF
Site
0.94 acres
Price / SF
$109
NOI
$186,672
The offering
Located in the heart of Poughkeepsie’s industrial and commercial zone (C-3), 188 Cottage Street presents a unique opportunity for investors with 9%+ cap rate. This ±12,832 SF building sits on nearly an acre of land and offers flexible space ideal for office, light industrial, storage, or conversion to other income-producing uses.
The property currently is 100% with a strong rental history and tenant mix. The layout and zoning offer potential to reconfigure or optimize usage based on need. With ample lot space and approximately 141 ft of frontage, the site also provides easy access for deliveries, employee parking, or outdoor operations.
Building & site
Interest conveyedFee simple
Gross building area12,832 SF
Building typeIndustrial
Property typeIndustrial
Land area0.94 acres
Land area, SF40,946 SF
WaterPublic
SewerPublic Sewer
HeatElectric
Tax parcel1313006162-72-450202-0000
Drive-in / grade-level doors10
Number of buildings2
Income & tenancy
Gross income (as reported)
$186,672
Lease terms are summarized from the executed lease and should be independently verified against the document, which is available under confidentiality agreement along with the rent roll and operating statements. Income shown is gross as reported by the listing broker, not verified against an operating statement.
Aerial imagery
The outline is this property's tax parcel from the county assessment roll, over current aerial imagery. Boundaries are indicative and are not a survey.
Location, access & trade area
Trade area
Measure
Poughkeepsie
Dutchess County
Population
45,636
299,963
Daytime population
49,579
277,925
Population density
1,444 / sq mi
377 / sq mi
Households
16,940
116,771
Median household income
$97,724
$94,725
Mean travel time to work
27 min
32 min
Median home value
$354,900
$444,000
Median gross rent
$1,677
$1,617
Unemployment (July 2026)
3.7%
Not stated
School districts
Arlington, Highland, Hyde Park, Marlboro, Poughkeepsie, Spackenkill, Wappingers
ZIP codes
12569, 12590, 12601, 12603, 12604
Municipal and county figures from the US Census American Community Survey (2024 5-year) and the Bureau of Labor Statistics. These are jurisdiction totals, not radius rings; ask a broker for a drive-time or radius study on a specific site.
Taxes & assessment
2024 taxes
$24,876
Assessed value
$735,100
Land assessment
$104,500
Full market value
$735,100
Owner of record
Farmville LLC
School district
Poughkeepsie
Property class
464
Estimated annual tax, 2025 roll
County and town
$8,379
School, Poughkeepsie
$11,897
Special districts
$1,023
Estimated total
$21,299
The estimate is the assessed value at the current county, town, school and village rates. Not a bill: exemptions, and any change to the assessment or the rates, move it.
Assessment figures are taken from the municipal roll and should be independently verified. Annual tax bills are available on request.
