$ 1,500,000
-
$1,500,000
Price -
0.57
Acre
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About the Listing KWMIDH - 55956
An exceptional multi-parcel commercial acquisition opportunity is now available in the heart of Downtown Poughkeepsie, New York. Offering an assemblage of four contiguous and strategically positioned tax parcels—comprising 49 Academy Street (Parcel #131300-6161-21-096987-0000), 53 Academy Street (Parcel #131300-6161-21-097975-0000), 59 Academy Street (Parcel #131300-6161-21-095968-0000), and an adjacent lot on Church Street (Parcel #131300-6161-21-101984-0000)—this portfolio presents a rare blend of immediate cash-flow potential, commercial stability, and versatile land utilization. The owner is offering these parcels exclusively as a single, unified package, providing an investor, developer, or owner-occupant the chance to command a substantial block of prime real estate within one of Dutchess County’s most dynamic commercial corridors. 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.
Listing Highlights for 53 Academy St
Interior Details
- Appliances:
- Air Cond: Central Air
- Heating: Forced Air
- Fireplaces:
- Floor:
- Basement: Partial
- Other:
- Water: Public
Exterior Details
- Lot Description: No Waterfront
- Garage Capacity: N/A
- Roof:
- Others: Actual,Renovated
- Sewer: Public Sewer
- Parking Features: Parking Lot,Off Street
Financial Details
- Tax Amount: $30,454
- Taxes w/Assessments: N/A
- Tax/Property ID: 131300-6161-21-097975-0000
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
53 Academy St Poughkeepsie, NY 12601
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