383 Main is a 2-story 7,280SF commercial building recently vacated by a long-time single retail tenant who used the upper floors for storage/workshop space and now for sale for the first time in more than 40 years. Site features municipal water/sewer, oil heat (tanks located in basement), natural gas access on the street. Originally a 3-story home with a basement, a later addition (date unknown) extended the building back to the property line on the first and second floors, leaving a small front attic, and a covered facade. Building could use a complete interior/exterior overhaul and is priced accordingly for a quick sale. Zoning allows for up to 5 stories as-of-right for an ideal redevelopment or owner-occupier position.
383 Main Street, Poughkeepsie, NY, 12601
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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