Downtown Poughkeepsie Development
54 Academy Street Poughkeepsie, NY 12601
54 Academy Street, Poughkeepsie, NY, 12601
$700,000
For Sale
$700,000
Multi-family property with redevelopment potential in a prime downtown location.
Days on Market101
Property Features for 54 Academy Street
General Information
- Standard status
- Active
- Property subtype
- Land or Vacant Lot
Listing Agency
K. FORTUNA REALTY, INC.
(845) 632-3492
Listed by
GINALEA HEALY · License #10401298074
Source
Corcoran
Added: Apr 8 Checked: Jul 16 at 6:49 am
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 K. FORTUNA REALTY, INC.
Investment Insights
Based on property information with market context.
Located in downtown Poughkeepsie, this offering includes a multi-family property and two adjoining vacant parcels, suitable for immediate income and future development. The existing multi-family structure contains large residential units with rental potential, presenting a value-add investment opportunity. Renovations could generate cash flow while providing a strategic hold for future expansion. The two vacant parcels create an assemblage that allows for redevelopment possibilities, such as expanding the current building, constructing new residential units, or creating a mixed-use concept. Situated within the MU-5 (Mixed-Use 5) zoning district, the property allows for multi-family residential development, retail, office, and service-based uses, with the potential for up to 5 stories (with bonus height opportunities up to 7 stories). The location is near the business district, courthouse, and train station. The zoning supports multiple development strategies, offering the opportunity to create scale with adjacent parcels. This property is suited for an investor or developer looking to combine immediate income with long-term upside in an active growth area.
Key Highlights
- Rare opportunity to acquire a multi‑family property with two adjoining vacant parcels in downtown Poughkeepsie.
- Significant redevelopment potential due to the combined parcels and flexible MU‑5 zoning.
- Existing multi‑family structure offers immediate income and value‑add potential through renovations.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - Multi-family property with redevelopment potential in a prime downtown location.
Where is this commercial land located?
The property is located at 54 Academy Street Poughkeepsie, NY.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Rare opportunity to acquire a multi‑family property with two adjoining vacant parcels in downtown Poughkeepsie.; Significant redevelopment potential due to the combined parcels and flexible MU‑5 zoning.; Existing multi‑family structure offers immediate income and value‑add potential through renovations.
