347 Main Street | Poughkeepsie

$4,800,000

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. \r\nThe 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.\r\nThough 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. \r\n\r\nPRO FORMA NOI NEARLY $500,000\r\nBUILD 60-80 APARTMENTS OVER PARKING LOT AS-OF-RIGHT\r\nUP TO 100 APARTMENTS WITH AFFORDABLE HOUSING COMPONENT OneKeyMLS 912474

MLS Listing ID: 
OneKeyMLS 912474
Community Information
School District: 
Other
Building Details
Details about the building on a property.
Stories: 
2
Year Built: 
1860
Basement: 
Finished,Full
Construction
Construction Materials: 
Brick
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Forced Air,Natural Gas
Cooling System: 
Central Air
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Waterfront: 
0
Lot Features
Parking Type: 
Parking Lot,Private
Public Record
Annual Tax: 
$113,888.00
Listing Dates
Dates involved in the transaction.
Listing Entry Date/Time: 
9/13/2025
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
Don Minichino
Listing Office Name: 
KW MidHudson