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 |
| Square Footage | 33,711 |
| Acres | 1.17 |
| Year Built | 1860 |
| Type | Commercial |
| Sub-Type | Office |
| Status | Active |
Community Information
| Address | 347 Main Street |
|---|---|
| City | Poughkeepsie |
| County | Dutchess County |
| State | NY |
| Zip Code | 12601 |
Additional Information
Listing Details
| Office | KW MidHudson |
|---|