Multi-Tenant Office and Medical
347 Main Street Poughkeepsie, NY 12601
SINGLE_FAMILY - Poughkeepsie, NY
Type:Office
Lot size:
1.17 Acres- Added:
- Mar 24, 2026
- Days on Market:
- 109
- Last Refresh:
- Jul 10 at 12:06 pm
Property Features for 347 Main Street
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- PID-A
- Rooms
- Basement
- Parking
- 80
- Parking features
- Parking Lot
- Basement
- Full, Finished
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- Lot size
- 1.17 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 113888
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
- Number of units
- 3
- Building materials
- Brick
Listing agent Don Minichino License #10401333542 (845) 242-4381
Listing office KW MidHudson 27 Eastdale Ave N., Mahopac, NY (914) 962-0007
Listing date Mar 24, 2026
MLS# 976196
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This multi-tenant office/medical asset is located at 347 Main Street and includes federal bankruptcy courthouse use within the Southern District of New York, guaranteed by the United States Government. The property sits on 1.17 acres and features a surface lot with 80+ parking spaces, with some spaces dedicated to the court. The ground lease commenced in 2005 and was recently extended for an additional 10 years through 2034.
The asset is zoned PID-A. As described in the offering remarks, a large majority of the surface parking lot could be developed into an apartment building or hotel with up to six stories over the parking area. That combination of an income-producing tenant and the redevelopment concept may be of interest to buyers evaluating both near- and longer-term ownership strategies.
For tenants, operators, and investors, the property’s established office/medical courthouse-adjacent configuration and the extended lease term provide occupancy continuity through 2034. For future development considerations, the site size and existing surface parking present a documented pathway for potential higher-and-better uses, subject to applicable approvals and requirements.
The asset is zoned PID-A. As described in the offering remarks, a large majority of the surface parking lot could be developed into an apartment building or hotel with up to six stories over the parking area. That combination of an income-producing tenant and the redevelopment concept may be of interest to buyers evaluating both near- and longer-term ownership strategies.
For tenants, operators, and investors, the property’s established office/medical courthouse-adjacent configuration and the extended lease term provide occupancy continuity through 2034. For future development considerations, the site size and existing surface parking present a documented pathway for potential higher-and-better uses, subject to applicable approvals and requirements.
Key Highlights
- Tenant is the United States Government (S&P Credit Rating: AA+), providing extremely stable income.
- Long‑term lease in place with the U.S. Government, extending through 2034.
- Significant development potential: large parking lot suitable for a 6‑story apartment building or hotel.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mid Hudson Family ...
Social Service Agency
WellCare Health Plans
Insurance Agency
Leafy Honeoye, NY
Restaurant
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FAQs
What type of property is this?
Office units - A leased multi-tenant office/medical property with extended term through 2034 and on-site surface parking.
Where is this office units located?
The property is located at 347 Main Street Poughkeepsie, NY.
What is the asking price?
The asking price for this property is $5,250,000.
What are key features of this property?
This property features: Tenant is the United States Government (S&P Credit Rating: AA+), providing extremely stable income.; Long‑term lease in place with the U.S. Government, extending through 2034.; Significant development potential: large parking lot suitable for a 6‑story apartment building or hotel.
