HVNY Commercial Team @KW is pleased to exclusively market 347 Main Street, Poughkeepsie - a multi-tenant retail/office asset on 1.17ac with leasing and development upside in a growing Central Business District. The subject property includes one of three federal bankruptcy courthouses in the Southern District of New York, guaranteed by the United States Government (S&P Credit Rating: AA+). The lease commenced in 2005 and was recently extended for an additional 10 years thru 2034. Though some of the 80+ surface lot parking spaces are dedicated to the court, a large majority of the lot could be developed into an apartment building or hotel with up to 7 stories. Recently Renewed 10-Year Lease Upside Available through Leasing and Development Opportunity Zone – Potential to Defer Capital Gains and Sell with Tax Free Appreciation 1.17 ACRES CORNER LOT – One of the Largest Lots in the Poughkeepsie CBD Rare 80+ Parking Spaces on Main Street Convenient Nearby Mass Transit (Amtrak, Metro North, Dutchess County Bus Route) Attractive Credit: US Government (AA+ Credit Rating) + Secured Leaseback (Rent in Escrow)