McGrath RealtyCommercial
Division
Back to all property for sale
For SaleMixed UseMLS KEY1051124

2676 W Main Street

Poughkeepsie (Town), NY · Dutchess County
Listed by
Sams Realty
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
3,465 SF
Site
0.05 acres
Price / SF
$187
NOI
$53,400
Zoning
CB
Stories
2

The offering

Exceptional mixed-use property offering strong existing income, modern updates, and additional value-add potential. This turnkey building features a beautifully updated 3-bedroom, 1-bath residential apartment along with an established commercial wellness space, plus an additional approximately 1,050 sq. ft. lower-level unit currently gutted and ready to be finished.

The property has undergone extensive improvements, including a brand-new roof, spray foam insulation, new windows and glass, and all-new mechanical systems, providing a modern, low-maintenance investment for the next owner.

RESIDENTIAL UNIT | APPROX. 1,200 SQ. FT.

Fully updated 3-bedroom, 1-bath apartment

Forced-air heat and central air conditioning

In-unit washer and dryer

Currently leased at $2,500/month

Excellent turnkey condition

COMMERCIAL SPACE | APPROX. 1,050 SQ. FT.

Established wellness business with 15 years of experience

Currently leased at $1,950/month

Renovated in 2023

Attractive opportunity for an owner-user or investor

ADDITIONAL VALUE-ADD SPACE

Approximately 1,050 sq. ft.

Currently gutted and ready for future build-out

Significant potential to create additional income-producing space, subject to applicable approvals

FINANCIALS

Current gross rental income: $4,450/month

Current annual rental income: $53,400

Annual property taxes: approximately $11,000

Annual insurance: approximately $2,000

Tenants pay all utilities

With approximately 3,300 sq. ft. of total space, this property combines established rental income with substantial future upside. The recent capital improvements, existing residential and commercial tenants, and additional unfinished space make this an attractive opportunity for investors seeking income, flexibility, and long-term appreciation potential.

A rare opportunity to acquire a professionally updated mixed-use property with income in place and room to increase its earning potential.

Buyers agent to confirm all details.

Building & site

Interest conveyedFee simple
Gross building area3,465 SF
Building typeMixed Use
Property typeMixed Use
Stories2
Land area0.05 acres
Land area, SF2,178 SF
WaterPublic
SewerPublic Sewer
HeatForced Air
Tax parcel1346016158-14-288310-0000
Number of buildings1

Zoning & permitted uses

District
CB

Permitted uses are governed by the Poughkeepsie (Town) zoning code and should be confirmed with the municipality. Ask a broker for the district summary.

Income & tenancy

Gross income (as reported)
$53,400

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.

Taxes & assessment

2025 taxes$6,922
Assessed value$199,500
Land assessment$23,900
Full market value$199,500
Owner of recordWise, Marybeth
School districtWappingers
Property class481 · Walk-up apt
Estimated annual tax, 2025 roll
County and town$734
School, Wappingers$3,969
Estimated total$4,703

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.

Floodplain
97% of the parcel lies within the mapped floodplain. Buildable area, insurance and any expansion should be checked against the current FEMA mapping before you rely on it.

Assessment figures are taken from the municipal roll and should be independently verified. Annual tax bills are available on request.

Comparable offerings