Mixed-Use Asset in Growing
For Sale
$4,400,000
347 Main Street, Poughkeepsie, NY 12601
Multi-tenant retail/office asset with development potential in Poughkeepsie.
Property Size6,397 SF
Lot Size1.17 Acres
Price / SF$687.82
Days on Market284
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 Agency:
Keller Williams Realty Partners
(845) 242-4381
Listed By:
Don Minichino · License #10401333542
Source:
Realnex
Added: Oct 22, 2025
Changed: Jul 10
Last Checked: Jul 14 at 12:42PM
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 Keller Williams Realty Partners
Investment Insights
Based on property information with market context.
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.
Key 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%.
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
Properties on Market for Mixed-use properties in Poughkeepsie
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
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%.
