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    347 Main St Poughkeepsie, NY 12601

    For Sale
    $4,500,000

    SINGLE_FAMILY - Poughkeepsie, NY

    Type:Office
    Lot size:
    1.17 Acres
    Days on Market:
    11
    Last Refresh:
    Dec 13 at 2:06 pm

    Property Features for 347 Main St

    General Information

    Property type
    Residential
    Property subtype
    Office
    Standard status
    Active
    Zoning
    Innovation District
    Rooms
    Basement
    Parking
    80
    Parking features
    Parking Lot
    Basement
    Finished, Full
    Lot size
    1.17 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1860
    Floors in Building
    2
    Building materials
    Brick

    Keller Williams Realty Partners (914) 962-0007 [email protected]

    Listing agent Don Minichino

    Listing date Dec 3, 2025

    Copyright © 2025 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multi-Tenant Asset in Growing District

    Located at 347 Main Street in Poughkeepsie, this multi-tenant retail and office asset is situated on 1.17 acres within a growing Central Business District. The property features leasing and development upside. It includes one of three federal bankruptcy courthouses in the Southern District of New York, with a lease 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 through 2034. The property has over 80 surface lot parking spaces. A large majority of the lot could be developed into an apartment building or hotel with up to 7 stories. It is possible to build 60-80 apartments over the parking lot as-of-right, and up to 100 apartments with an affordable housing component. The zoning is Innovation District.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mid Hudson Family ... Social Services Organization WellCare Health Plans Insurance Agency Leafy Honeoye, NY Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Poughkeepsie
    County
    Dutchess
    State
    New York
    Longitude
    -73.9251308
    Latitude
    41.7029876

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    FAQs

    What type of property is this?
    Office building - Retail/office asset with development potential in Poughkeepsie's Central Business District.
    Where is this office building located?
    The property is located at 347 Main St Poughkeepsie, NY.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: - Long-term, guaranteed income stream from US Government lease (S&P AA+ rated) through 2034.; - Significant development potential: **As-of-right ability to build 60-80 apartments** over the existing parking lot.; - **Pro forma NOI of nearly $500,000.**
    (845) 242-4381
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    347 Main St Poughkeepsie, NY 12601
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    347 Main St Poughkeepsie, NY 12601
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