Mixed-Use Asset in Growing
347 Main Street, Poughkeepsie, NY 12601
Multi-tenant retail/office asset with development potential in Poughkeepsie.
Type:HC, OFC, MU
Property size:
6,397 SFLot size:
1.17 AcresPrice / SF:
$687/SF- Added:
- Oct 22, 2025
- Days on Market:
- 217
- Last Refresh:
- Apr 3 at 4:55 am
Property Features for 347 Main Street
General Information
- Standard status
- Active
- Size
- 6,397 SF
- Lot size
- 1.17 Acres
- Property subtype
- HC, OFC, MU
Listing agent Don Minichino License #10401333542, New York (845) 242-4381
Listing office KW Mid-Hudson (845) 242-4381
Listing date Oct 22, 2025
Source Realnex
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 Mid-Hudson
HighLights
- Leased to the United States Government (S&P Credit Rating: AA+) with a lease extended through 2034.
- Significant development potential: Zoning allows for 60‑80 apartments as‑of‑right, potentially up to 100 with affordable housing incentives.
- Favorable assumable mortgage at 5.4%.
- Pending 20‑year lease for 6,397 SF with a medical provider.
- Located in a growing Central Business District.
- Includes a large surface parking lot, a majority of which can be developed.
Overview
The property at 347 Main Street, Poughkeepsie, is a multi-tenant retail and office asset situated on 1.17 acres within a growing Central Business District. The property offers leasing and development opportunities. One of the tenants is a federal bankruptcy courthouse 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 through 2034. The property includes over 80 surface parking spaces, a majority of which could be developed into an apartment building or hotel with up to 7 stories. A zoning analysis of the PID-A district indicates that 60 to 80 apartments could be built over parking as-of-right, with the potential for up to 100 units if 20% of the apartments are designated as Affordable Housing and a parking waiver is awarded. This is likely, given the property's adjacency to a large, underutilized City-owned parking lot. There is a pending 20-year lease for 6,397 square feet with a medical provider. The property has an assumable 5.4% mortgage.
Property Profile
Location Intelligence
Current Use by Public Records
Mid Hudson Family ...
Social Service Agency
WellCare Health Plans
Insurance Agency
Leafy Honeoye, NY
Restaurant
Location Insight
- Map
- Local Demand
- City
- Poughkeepsie
- County
- Dutchess
- State
- New York
- Longitude
- -73.9251308
- Latitude
- 41.7029876
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Multi-tenant retail/office asset with development potential in Poughkeepsie.
Where is this mixed-use property located?
The property is located at 347 Main Street Poughkeepsie, NY.
What is the asking price?
The asking price for this property is $4,400,000.
What are key features of this property?
This property features: Leased to the United States Government (S&P Credit Rating: AA+) with a lease extended through 2034.; Significant development potential: Zoning allows for 60‑80 apartments as‑of‑right, potentially up to 100 with affordable housing incentives.; Favorable assumable mortgage at 5.4%.
