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1984 South Road, Poughkeepsie, NY, 12601 | $3,100,000
This is an exceptional development opportunity. This 8. 83 acre property is located at a prime Route 9 location zoned Highway Business. Uniquely situated in the heart of the sought-after Town of Poughkeepsie commercial corridor with over 40, 000 vehicles passing each day. Across the road from the Poughkeepsie Galleria and adjacent to the newly built CubeSmart Self Storage, Walgreens, Healy Chevrolet, Petco, Chilis, Panera, Olive Garden, Hudson GMC, and much more. There is an existing curb cut into the property, municipal water, sewer and natural gas. A detailed site survey, geotechnical report and FOIL report are available. Concept plans are also available for a hotel, pharmacy, car dealership, retail pads and other development ideas. This property offers an ideal location for an investor seeking a high traffic commercial environment with strong demographics. The location has excellent proximity to all major transportation routes, including I-84, I-87, Taconic state Parkway and Metro North Train station making is a desirable commercial development site. More information available upon request.
Features
- Zoning: Other
- Elem. School: Oak Grove Elementary School
- Middle School: Wappingers Junior High School
- High School: Roy C Ketcham Senior High Sch
- School District: Wappingers
- MLS#: H6328829
- Days on Market: 62 days
- Website: https://www.raveis.com
/prop/H6328829/1984southroad_poughkeepsie_ny?source=qrflyer
William Raveis Family of Services
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Customer Service
888.699.8876
Contact@raveis.com
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To learn more about our credentials, visit raveis.com today.
Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1880936
347.223.0992
Sarah.Alvarez@Raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
1984 South Road, Poughkeepsie, NY, 12601
$3,100,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Sarah Alvarez
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $2,480,000 | $2,480,000 | $2,480,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.250% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.769% | 6.348% | 5.911% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $13,887 | $15,270 | $20,594 |
| Total Monthly Payment | $14,012 | $15,395 | $20,719 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535