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$ 1,900,000
Est. payment /mo
Active
194 Church ST Poughkeepsie, NY 12601
4,791 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 974795
Rental Info No
Annual Tax Amount $7,000
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type Mixed Use
Source onekey2
Property Description
Prime Development Opportunity – 11 Parcel Assemblage in Poughkeepsie Innovation District
Exceptional opportunity to acquire a rare 11-parcel assemblage totaling approximately 1.12 acres, strategically located at the intersection of Academy Street, Church Street, and Noxon Street in the heart of the City of Poughkeepsie.
Situated within the highly desirable PID-B (Poughkeepsie Innovation District) and MU-5 (Mixed-Use) zoning districts, this property offers outstanding flexibility for a wide range of development possibilities including multi-family residential, mixed-use, retail, office, hospitality, medical, student housing, and more.
Zoning allows for high-density development with significant upside potential. PID-B zoning permits up to 9 stories (120 ft) with affordable housing inclusion, while MU-5 allows up to 7 stories (94 ft), making this an ideal site for developers looking to capitalize on the continued growth and revitalization of downtown Poughkeepsie.
The property benefits from expansive street frontage and is not located within a historic district, simplifying the development process. Additional advantages include flexible parking options with the potential for Planning Board relief or fee-in-lieu programs, along with immediate proximity to a municipal parking lot offering approximately 210 spaces.
Conceptual development studies have already been completed, demonstrating the site's capacity for a range of residential unit configurations, further supporting its strong investment potential.
Located in a prime urban infill area with strong rental demand and ongoing infrastructure investment through the City's Innovation District initiative, this property presents a unique opportunity for developers and investors to create a high-impact project in one of the Hudson Valley's fastest-growing markets.
Exceptional opportunity to acquire a rare 11-parcel assemblage totaling approximately 1.12 acres, strategically located at the intersection of Academy Street, Church Street, and Noxon Street in the heart of the City of Poughkeepsie.
Situated within the highly desirable PID-B (Poughkeepsie Innovation District) and MU-5 (Mixed-Use) zoning districts, this property offers outstanding flexibility for a wide range of development possibilities including multi-family residential, mixed-use, retail, office, hospitality, medical, student housing, and more.
Zoning allows for high-density development with significant upside potential. PID-B zoning permits up to 9 stories (120 ft) with affordable housing inclusion, while MU-5 allows up to 7 stories (94 ft), making this an ideal site for developers looking to capitalize on the continued growth and revitalization of downtown Poughkeepsie.
The property benefits from expansive street frontage and is not located within a historic district, simplifying the development process. Additional advantages include flexible parking options with the potential for Planning Board relief or fee-in-lieu programs, along with immediate proximity to a municipal parking lot offering approximately 210 spaces.
Conceptual development studies have already been completed, demonstrating the site's capacity for a range of residential unit configurations, further supporting its strong investment potential.
Located in a prime urban infill area with strong rental demand and ongoing infrastructure investment through the City's Innovation District initiative, this property presents a unique opportunity for developers and investors to create a high-impact project in one of the Hudson Valley's fastest-growing markets.
Location
State NY
County Dutchess County
Interior
Heating Baseboard, Natural Gas
Cooling None
Fireplace No
Exterior
Parking Features Other, Parking Lot
Utilities Available Natural Gas Available, Sewer Available, Trash Collection Public, Water Connected
Building
Lot Description Historic District, Level
Foundation Other
Sewer Public Sewer
Water Public
Structure Type Brick,Other
Others
Special Listing Condition None
Listed by K. Fortuna Realty, Inc. • Ginalea Healy
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