NY
Dutchess
Poughkeepsie
12601
347 Main Street
347 Main Street, Poughkeepsie, NY 12601
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Listing Type
Commercial/Industrial
Listing Status
active
10
$4,800,000

Home Details for 347 Main Street

Price
$4,800,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1860
Lot size acres
1.17
County
Dutchess
Garage
Basement
Finished, Full
Days on site
10
MLS Listing#
912474
Property Description

347 Main Street, Poughkeepsie is a multi-tenant retail/office asset on 1.17ac with leasing and development upside in a growing Central Business District. The subject property includes one of three federal bankruptcy courthouses in the Southern District of New York, guaranteed by the United States Government (S&P Credit Rating: AA+). The lease commenced in 2005 and was recently extended for an additional 10 years thru 2034. Though some of the 80+ surface lot parking spaces are dedicated to the court, a large majority of the lot could be developed into an apartment building or hotel with up to 7 stories. PRO FORMA NOI NEARLY $500,000 BUILD 60-80 APARTMENTS OVER PARKING LOT AS-OF-RIGHT UP TO 100 APARTMENTS WITH AFFORDABLE HOUSING COMPONENT

Property Features
  • Utilities
    • Natural Gas Available
    • Cable Connected
    • Electricity Connected
    • Natural Gas Connected
    • Phone Connected
    • Sewer Connected
    • Water Connected
  • Heating Information
    • Forced Air
    • Natural Gas
  • Parking
    • Parking Lot
    • Private
  • Basement
    • Finished
    • Full
  • Cooling Information
    • Central Air
  • Water Features
    • Public
Listing Courtesy: KW MidHudson - 914-962-0007
Presented by: Don Minichino
The data relating to real estate for sale on this website comes in part from the Internet Data exchange of OneKey MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2025 OneKey MLS. All Rights Reserved
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from OneKey MLS.
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2790 W. Main St., Wappingers Falls, NY 12590
Office
845 298 6034
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