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This office space is located at 9 W Oakley St, Poughkeepsie, NY. This 18,000 sq ft manufacturing building is in need of renovation, but has a stable and viable structure. This is an ideal opportunity for an investor looking to rent out manufacturing space in an ideal location in Poughkeepsie.
The building itself is currently in poor condition but has great potential for a renovation. The large lot has a predominately gravel parking area -- ample space for staff and customer parking throughout the day.
Ceiling heights vary from 15 to 17 feet throughout this manufacturing building. Three exterior loading docks are included, as well as three 14X12' drive-in doors. Heavy power is great for a wide range of industries and tenants. Abundant windows offer tons of natural light throughout the day for the warehouse area.
The location is convenient to numerous amenities including dining and shopping. Numerous highways are within a couple minutes from the building, allowing for easy commuting to and from. The area is also home to numerous parks.
The building has a painted-block exterior with little detail; abundant windows line the building, as well as numerous entrances.
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On average, listings lease in the $20's per square foot per year. The Poughkeepsie submarket is going through a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 13% decline in rent.
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