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260 Boardman Rd - Hudson Valley - Former IBM Research Center

80,635 SF Specialty Building Offered at $9,800,000 in Poughkeepsie, NY 12603

Investment Highlights

  • 300 Seat Theater
  • Athletic Fields & Play Areas
  • 4-Story Mediterranean Mansion
  • Educational Center in Hudson Valley Area of NYS
  • Indoor & Outdoor Seating, Large Kitchen, Campus-Like Setting
  • 80,634 ± SF & 34 Acres

Executive Summary

This incredible ±34.17-acre property, previously an IBM research and briefing center and now the location of an independent private day school, features 80,635 sqft of learning space distributed across two buildings and recreational fields. The property also boasts solar panels to assist with energy efficiency and a cellular tower lease that produces income. The buildings offer a wide range of room types, from standard classrooms and science labs to specialty rooms for the arts and libraries. They also include a 300-seat theater, indoor
basketball court, kitchen, cafeteria, and more. The permitting zoning includes, but is not limited to, education, training centers, hospitals, clinics, laboratories, medical facilities, libraries, offices, and schools.
This Dutchess County property is centrally located in the beautiful Hudson Valley, surrounded by a tremendous workforce and educational base. The transportation options available via I-84 and I-87, Stewart International Airport, Metro-North, and Amtrak make it a highly desirable area, allowing businesses to support local, regional, and global operations. Local industries include advanced manufacturing, education, health sciences, information technology, logistics, food and beverage manufacturing, and agricultural businesses. Notable educational institutions and businesses in the area include Vassar College, the Culinary Institute of America, Bard College, Marist College, IBM, Dorsey, ON Semiconductor, Nuvance Health, GAP, Amazon, and Frito-Lay.

Property Facts

Price $9,800,000
Price Per SF $122
Sale Type Investment or Owner User
Property Type Specialty
Property Subtype Schools
Building Class C
Lot Size 34.17 AC
Building Size 80,635 SF
No. Stories 3
Year Built 1990
Parking Ratio 1.74/1,000 SF

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
134689-6260-03-146453-0000
Land Assessment
$2,228,000
Improvements Assessment
$6,683,500
Total Assessment
$8,911,500

zoning

Zoning Code IN (Institutional)
IN (Institutional)
  • Listing ID: 27909072

  • Date on Market: 3/1/2023

  • Last Updated:

  • Address: 260 Boardman Rd, Poughkeepsie, NY 12603

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