380 Main Street , Poughkeepsie, NY 12601

Property Description

Prime Main Street redevelopment opportunity in the heart of Downtown Poughkeepsie! 380 Main Street is a one-story, 4,750 SF retail building currently configured as three vacant storefronts with basement space, set on a 0.11 acre, 50Ã?100 lot on the south side of Main St. The parcel sits within the Citys newly adopted Poughkeepsie Innovation District PID-A on the updated zoning map (formerly mapped C-2) which is intended to foster mixed-use, pedestrian-oriented infill downtown. Under the PID framework, ground-floor commercial with upper-story multifamily is an as-of-right pattern. Base height limits in the Innovation District range from 5 to 6 stories depending on sub-district, with additional bonus stories available for projects that include affordable housing and certain green-building certifications (up to 1+ stories), subject to Planning Board review and dimensional standards (upper-story setbacks, transparency, frontage types, etc.). This address sits amid a wave of downtown investment: the Wallace Campus on Main Street is advancing 187 new affordable apartments through a combination of renovation and new construction. The City has also publicized a six-story, 120-unit mixed-income proposal at 309?316 Main St. Nearby mixed-use anchors like The Academy (food hall + 28 apartments) and artist housing at Queen City Lofts on Main further underscore demand for city living and activated ground floor space. Main Street corridor upgrades (including recent paving between Clinton and White) and the Citys 2024 zoning overhaul signal sustained public commitment to downtown revitalization. Bring your mixed-use vision, restaurant/retail/service/artisan uses at grade with 5 floors of apartments above fits the codes intent, then leverage the PIDs streamlined standards to add much-needed housing steps from transit, government offices, and the riverfront, all while benefitting from Opportunity Zone census tract status for potential tax advantages (buyer to verify).

Property Features