347 Main Street, Poughkeepsie, NY

$4,800,000

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33,711

Square feet

1.17

Acres

About 347 Main Street

347 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

Features of 347 Main Street

MLS® # 912474
Price $4,800,000
Bathrooms 0.00
Internal Footage 33,711
Acres 1.17
Year Built 1860
Type Commercial Sale
Sub-Type Office
Status Active

Community Information

Address 347 Main Street
City Poughkeepsie
County Dutchess County
State NY
Zip Code 12601

Amenities

Utilities Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Trash Collection Private, Water Connected
Parking Spaces 80
Parking Parking Lot, Private
Is Waterfront No
Has Pool No

Interior

Heating Forced Air, Natural Gas
Cooling Central Air
Fireplace No
# of Stories 2
Has Basement Yes
Basement Finished, Full

Exterior

Construction Brick

Additional Information

Date Listed September 12th, 2025
Days on Market 35
Zoning Innovation District
Short Sale No
RE / Bank Owned No

Listing Details

Listing Provided Courtesy ofKW MidHudson

Listing Map

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