347 Main StreetPoughkeepsie, NY12601
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$20,531347 Main Street, Poughkeepsie is a multi-tenant retail/office asset on 1.17ac with leasing and development upside in a growing Central Business District. The subject property includes one of three federal bankruptcy courthouses 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 thru 2034. Though some of the 80+ surface lot parking spaces are dedicated to the court, a large majority of the lot could be developed into an apartment building or hotel with up to 7 stories. PRO FORMA NOI NEARLY $500,000 BUILD 60-80 APARTMENTS OVER PARKING LOT AS-OF-RIGHT UP TO 100 APARTMENTS WITH AFFORDABLE HOUSING COMPONENT
| a month ago | Price changed to $4,500,000 | |
| a month ago | Listing updated with changes from the MLS® | |
| 4 months ago | Status changed to Active | |
| 4 months ago | Listing first seen on site |
Based on information submitted to the MLS GRID as of 2026-01-10 02:51 AM EST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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