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Fallkill Bank Building 17 Market St 10,800 SF Vacant Office Building Poughkeepsie, NY 12601 $1,675,104 CAD ($155.10 CAD/SF)

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INVESTMENT HIGHLIGHTS

  • Beautiful Historic Building on Same Block as Bardavon Theatre
  • Marble Facade, High Ceilings, Passenger Elevator, Ground Floor Upgrades, and Mountain Views
  • Epicenter of Downtown Poughkeepsie Revitalization
  • Core Downtown Location Surrounded by Restaurants, Shops, Courts, and New Apartment Developments
  • Flexible Mixed-Use Zoning with Maximum 7-Story Height
  • Asking Price of just $111 PSF - Far Below Replacement Cost

EXECUTIVE SUMMARY

Opportunity to acquire one of the finest historic buildings in Downtown Poughkeepsie. Built in 1842 as the Fallkill Bank Building, the four-story building features a beautiful marble façade, high ceilings, a passenger elevator, and mountain views from the upper floors. The first two floors measure 3,600 sf each, while floors three and four measure 1,800 sf each, for a total of 10,800 square feet. The mixed-use PID-A zoning (Poughkeepsie Innovation District) allows a wide variety of commercial uses, including office, gallery, museum, school, restaurant, cafe, bank, hotel, retail, recreation, and cultural facilities. Buildings in the PID-A zone can be up to 5 stories as-of-right, extended to 7 stories if affordable housing is included. The location is absolutely prime, situated on the same block as the Bardavon Theatre and surrounded by restaurants, cafes, hotels, courts, government offices, and new high-quality apartment developments. Additional improvements are unfolding in Downtown Poughkeepsie following the recent $10 million Downton Revitalization Initiative grant from New York State. The property is currently fully available for occupancy, with significant improvements made to the ground floor commercial space, including new lighting and new HVAC. Bring your vision to this core Downtown asset, offer at just $111 per square foot. The Property is also being offer for lease, at $15 PSF NNN. See floor plans in "Brochures & Other Documents". Property is located within an Opportunity Zone.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Building Size
10,800 SF
Building Class
C
Year Built
1842
Price
$1,675,104 CAD
Price Per SF
$155.10 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
3,600 SF
Slab To Slab
15’
Building FAR
3.10
Lot Size
0.08 AC
Opportunity Zone
Yes
Zoning
PID-A - See link for updated zoning: https://www.pk4keeps.org/

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl-Ste First Fl
  • 3,600 SF
  • Office/Retail
  • Partial Build-Out
  • Now

Ground floor space. Can be leased in conjunction with floors 2, 3, and 4. Opportunity to lease one of the finest historic buildings in Downtown Poughkeepsie. Built in 1842 as the Fallkill Bank Building, the four-story building features a beautiful marble façade, high ceilings, a passenger elevator, and mountain views from the upper floors. The first two floors measure 3,600 sf each, while floors three and four measure 1,800 sf each, for a total of 10,800 square feet. The mixed-use PID-A zoning (Poughkeepsie Innovation District) allows a wide variety of commercial uses, including office, gallery, museum, school, restaurant, cafe, bank, hotel, retail, recreation, and cultural facilities. The location is absolutely prime, situated on the same block as the Bardavon Theatre and surrounded by restaurants, cafes, hotels, courts, government offices, and new high-quality apartment developments. Additional improvements are unfolding in Downtown Poughkeepsie following the recent $10 million Downton Revitalization Initiative grant from New York State. The property is currently fully available for occupancy, with significant improvements made to the ground floor commercial space, including new lighting and new HVAC. Bring your vision to this core Downtown asset.

  • 2nd Fl-Ste Second Fl
  • 3,600 SF
  • Office
  • Partial Build-Out
  • Now

Second floor space, currently built out as office. Can be leased in conjunction with floors 1, 3, and 4. Opportunity to lease one of the finest historic buildings in Downtown Poughkeepsie. Built in 1842 as the Fallkill Bank Building, the four-story building features a beautiful marble façade, high ceilings, a passenger elevator, and mountain views from the upper floors. The first two floors measure 3,600 sf each, while floors three and four measure 1,800 sf each, for a total of 10,800 square feet. The mixed-use PID-A zoning (Poughkeepsie Innovation District) allows a wide variety of commercial uses, including office, gallery, museum, school, restaurant, cafe, bank, hotel, retail, recreation, and cultural facilities. The location is absolutely prime, situated on the same block as the Bardavon Theatre and surrounded by restaurants, cafes, hotels, courts, government offices, and new high-quality apartment developments. Additional improvements are unfolding in Downtown Poughkeepsie following the recent $10 million Downton Revitalization Initiative grant from New York State. The property is currently fully available for occupancy, with significant improvements made to the ground floor commercial space, including new lighting and new HVAC. Bring your vision to this core Downtown asset.

  • 3rd Fl-Ste Third Fl
  • 1,800 SF
  • Office
  • Partial Build-Out
  • Now

Third floor space, currently built out as office. Can be leased in conjunction with floors 1, 2, and 4. Opportunity to lease one of the finest historic buildings in Downtown Poughkeepsie. Built in 1842 as the Fallkill Bank Building, the four-story building features a beautiful marble façade, high ceilings, a passenger elevator, and mountain views from the upper floors. The first two floors measure 3,600 sf each, while floors three and four measure 1,800 sf each, for a total of 10,800 square feet. The mixed-use PID-A zoning (Poughkeepsie Innovation District) allows a wide variety of commercial uses, including office, gallery, museum, school, restaurant, cafe, bank, hotel, retail, recreation, and cultural facilities. The location is absolutely prime, situated on the same block as the Bardavon Theatre and surrounded by restaurants, cafes, hotels, courts, government offices, and new high-quality apartment developments. Additional improvements are unfolding in Downtown Poughkeepsie following the recent $10 million Downton Revitalization Initiative grant from New York State. The property is currently fully available for occupancy, with significant improvements made to the ground floor commercial space, including new lighting and new HVAC. Bring your vision to this core Downtown asset.

  • 4th Fl-Ste Fourth Fl
  • 1,800 SF
  • Office
  • Partial Build-Out
  • Now
Space Size Space Use Condition Available
1st Fl-Ste First Fl 3,600 SF Office/Retail Partial Build-Out Now
2nd Fl-Ste Second Fl 3,600 SF Office Partial Build-Out Now
3rd Fl-Ste Third Fl 1,800 SF Office Partial Build-Out Now
4th Fl-Ste Fourth Fl 1,800 SF Office Partial Build-Out Now

1st Fl-Ste First Fl

Size
3,600 SF
Space Use
Office/Retail
Condition
Partial Build-Out
Available
Now

2nd Fl-Ste Second Fl

Size
3,600 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

3rd Fl-Ste Third Fl

Size
1,800 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

4th Fl-Ste Fourth Fl

Size
1,800 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

1st Fl-Ste First Fl

Size 3,600 SF
Space Use Office/Retail
Condition Partial Build-Out
Available Now

Ground floor space. Can be leased in conjunction with floors 2, 3, and 4. Opportunity to lease one of the finest historic buildings in Downtown Poughkeepsie. Built in 1842 as the Fallkill Bank Building, the four-story building features a beautiful marble façade, high ceilings, a passenger elevator, and mountain views from the upper floors. The first two floors measure 3,600 sf each, while floors three and four measure 1,800 sf each, for a total of 10,800 square feet. The mixed-use PID-A zoning (Poughkeepsie Innovation District) allows a wide variety of commercial uses, including office, gallery, museum, school, restaurant, cafe, bank, hotel, retail, recreation, and cultural facilities. The location is absolutely prime, situated on the same block as the Bardavon Theatre and surrounded by restaurants, cafes, hotels, courts, government offices, and new high-quality apartment developments. Additional improvements are unfolding in Downtown Poughkeepsie following the recent $10 million Downton Revitalization Initiative grant from New York State. The property is currently fully available for occupancy, with significant improvements made to the ground floor commercial space, including new lighting and new HVAC. Bring your vision to this core Downtown asset.

2nd Fl-Ste Second Fl

Size 3,600 SF
Space Use Office
Condition Partial Build-Out
Available Now

Second floor space, currently built out as office. Can be leased in conjunction with floors 1, 3, and 4. Opportunity to lease one of the finest historic buildings in Downtown Poughkeepsie. Built in 1842 as the Fallkill Bank Building, the four-story building features a beautiful marble façade, high ceilings, a passenger elevator, and mountain views from the upper floors. The first two floors measure 3,600 sf each, while floors three and four measure 1,800 sf each, for a total of 10,800 square feet. The mixed-use PID-A zoning (Poughkeepsie Innovation District) allows a wide variety of commercial uses, including office, gallery, museum, school, restaurant, cafe, bank, hotel, retail, recreation, and cultural facilities. The location is absolutely prime, situated on the same block as the Bardavon Theatre and surrounded by restaurants, cafes, hotels, courts, government offices, and new high-quality apartment developments. Additional improvements are unfolding in Downtown Poughkeepsie following the recent $10 million Downton Revitalization Initiative grant from New York State. The property is currently fully available for occupancy, with significant improvements made to the ground floor commercial space, including new lighting and new HVAC. Bring your vision to this core Downtown asset.

3rd Fl-Ste Third Fl

Size 1,800 SF
Space Use Office
Condition Partial Build-Out
Available Now

Third floor space, currently built out as office. Can be leased in conjunction with floors 1, 2, and 4. Opportunity to lease one of the finest historic buildings in Downtown Poughkeepsie. Built in 1842 as the Fallkill Bank Building, the four-story building features a beautiful marble façade, high ceilings, a passenger elevator, and mountain views from the upper floors. The first two floors measure 3,600 sf each, while floors three and four measure 1,800 sf each, for a total of 10,800 square feet. The mixed-use PID-A zoning (Poughkeepsie Innovation District) allows a wide variety of commercial uses, including office, gallery, museum, school, restaurant, cafe, bank, hotel, retail, recreation, and cultural facilities. The location is absolutely prime, situated on the same block as the Bardavon Theatre and surrounded by restaurants, cafes, hotels, courts, government offices, and new high-quality apartment developments. Additional improvements are unfolding in Downtown Poughkeepsie following the recent $10 million Downton Revitalization Initiative grant from New York State. The property is currently fully available for occupancy, with significant improvements made to the ground floor commercial space, including new lighting and new HVAC. Bring your vision to this core Downtown asset.

4th Fl-Ste Fourth Fl

Size 1,800 SF
Space Use Office
Condition Partial Build-Out
Available Now

Walk Score®
Walker's Paradise (90)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
131300-6162-77-038087-0000
Land Assessment
$74,682 CAD
Improvements Assessment
$1,181,646 CAD
Total Assessment
$1,256,328 CAD
  • Listing ID: 38068240

  • Date on Market: 2025-10-14

  • Last Updated:

  • Address: 17 Market St, Poughkeepsie, NY 12601

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