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
Listing By
Agency Name: KW MidHudson
Agency Phone: 914-962-0007
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Coldwell Banker® and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. C.B. Choice Properties, INC. fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with or related to Coldwell Banker Real Estate LLC nor any of its affiliated companies.
If the email address was found in our system, your password has been sent. Please check your inbox.
Back to Login
53 Academy Street | MLS# 1070127
This commercial property located at 53 Academy Street, Poughkeepsie, NY 12601 is currently listed for sale with an asking price of $1,500,000. Academy Street is located within the Poughkeepsie City school district. Search Poughkeepsie real estate on www.coldwellbankerchoice.com today.