0.57 Acres Lot
0.57 Acres Lot
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1070127
Rental Info No
Year Built 1930
Annual Tax Amount $30,454
Lot Size 0.570 Acres
Acres 0.57
Property Sub-Type Office
Source onekey2
Property Description
The primary physical footprint features key office assets situated at 49 and 53 Academy Street. The highest and best use for these well-located office properties is continued commercial operation, serving as professional administrative suites, medical offices, law practices, or creative firm headquarters. Operating these established structures continuously allows an investor to capture consistent rental revenue while capitalizing on the ongoing revitalization of Poughkeepsie's urban core. The existing layout accommodates corporate suites, client reception areas, and private staff offices with excellent street visibility, prominent signage capabilities, and seamless vehicular accessibility off key arterial corridors like Church Street and Academy Street.
Complementing the commercial office footprint are the flexible real estate parcels at 59 Academy Street and the adjoining Church Street parcel. Situated within Poughkeepsie's flexible urban zoning designations—which accommodate high-density commercial, mixed-use, and residential initiatives—these land holdings represent pure upside and strategic expansion value.
A developer can leverage these lots to construct a modern multi-family residential building, expand existing off-street parking facilities for the office units, or execute a ground-up mixed-use concept that captures the strong regional demand for downtown housing and retail. Alternatively, the buyer holds the strategic flexibility to subdivide and sell the individual land parcels to neighboring property owners seeking expansion or dedicated parking options, unlocking immediate liquidity while retaining the core office assets.
By securing this four-parcel assemblage in its entirety, the incoming buyer gains critical economies of scale and control over a key corner footprint in the Poughkeepsie Innovation and Commercial District ecosystem. Positioned just moments from the Poughkeepsie Metro-North & Amtrak train station, the Mid-Hudson Bridge, Vassar Brothers Medical Center, and regional government seats, the portfolio boasts ideal connectivity for employees, clients, and future residential tenants alike.
Location
State NY
County Dutchess County
Rooms
Basement Partial
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Exterior
Parking Features Parking Lot, Off Street
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Trash Collection Private, Sewer Connected
Building
Story 4
Sewer Public Sewer
Water Public
Structure Type Block,Brick
Schools
High Schools Poughkeepsie City
School District Poughkeepsie City
Others
Special Listing Condition None
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