Retail/Office Asset in Growing
For Sale
$5,250,000
347 Main Street, Poughkeepsie, NY 12601
Multi-tenant retail/office asset with development potential in Poughkeepsie, NY.
Property SizeContact for details
Lot Size1.17 Acres
Days on Market137
Property Features for 347 Main Street
General Information
Standard status
Active
Lot size
1.17 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$113,888
Amenities
Central air
Central Air Cooling
Forced Air Heating
Natural Gas Heating
Parking Lot
Private
Building Details
Year Built
1860
Listing Agency:
KW MIDHUDSON
(914) 962-0007
Listed By:
DON MINICHINO · License #10401333542
Source:
Corcoran
Added: Mar 25
Changed: Aug 8
Last Checked: Aug 8 at 6:30AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW MIDHUDSON
Investment Insights
Based on property information with market context.
Located at 347 Main Street in Poughkeepsie, NY, this multi-tenant retail/office asset is situated on 1.17 acres within a growing Central Business District. The property offers both leasing and development opportunities. The site includes a federal bankruptcy courthouse, one of three in the Southern District of New York, with a lease guaranteed by the United States Government (SP Credit Rating: AA+). This lease commenced in 2005 and was recently extended for an additional 10 years, running through 2034. The property includes over 80 surface parking spaces. A large majority of the parking lot could be developed into an apartment building or hotel with up to 7 stories. There is a pending 20-year lease for 6,397 square feet with a medical provider. The mortgage is assumable at 5.4%.
Key Highlights
- AA+ Credit Rating: United States Government guaranteed lease through 2034.
- Development Upside: Majority of 80+ surface lot parking spaces can be developed into an apartment building or hotel (up to 7 stories).
- Assumable 5.4% Mortgage: Attractive financing option.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,487
Businesses Nearby
Explore this area
Business Placement
Demographics for 12601, NY
44,264
Population
17,972
Households
2.5
Avg Household Size
35
Median Age
30%
College-Educated
88%
High-School Grad
18.3 sq mi
ZIP Area
2,419
Density / Sq Mi
$64,769
Median Household Income
$37,259
Median Earnings
$1,376
Median Rent
$275,800
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Multi-tenant retail/office asset with development potential in Poughkeepsie, NY.
Where is this retail space 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: AA+ Credit Rating: United States Government guaranteed lease through 2034.; Development Upside: Majority of 80+ surface lot parking spaces can be developed into an apartment building or hotel (up to 7 stories).; Assumable 5.4% Mortgage: Attractive financing option.
