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Restaurant Space with Basement
For Lease
$3,500/Mo

33 Center Street, Middletown, NY 10940

Commercial Lease, Middletown, NY

Space SizeContact for details
Lot Size0.06 Acres
Days on Market23

Property Features for 33 Center Street

General Information

Property type Commercial Lease
Property subtype Other
Rooms Basement
Basement Full, Unfinished, Storage Space
Elementary school Maple Hill Elementary School
Middle school Monhagen Middle School
High school Middletown High School
Elementary school district Middletown
Middle school district Middletown
High school district Middletown
Standard status Active
APN 330900-031-000-0008-023.000-0000
Lot size 0.06 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 11392

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Natural Gas
Cooling system Central Air
Water source Public

Building Details

Floors in Building 2
Building materials Brick
Listing Agency: KW Hudson Valley United · Keller Williams Realty
Listed By: Jonathon Z. Lee
Added: Aug 10 Changed: Aug 20 Last Checked: Sep 1 at 12:06AM
MLS# 1036767

Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This restaurant space is being prepared for a new operator, with general construction underway after the flooring and bar were removed. The property previously functioned as both a tavern and a restaurant, and includes a small kitchen that may require additional work or specialized improvements for restaurant operations. Any tenant-specific customization or build-out will be the tenant’s responsibility.

The property is located at 33 Center Street in Middletown, directly across from City Hall and beside the public library. The 0.0609-acre site has a brick building with a basement, natural gas heating, central air, public water, public sewer, and cable availability. The space is offered for lease and may suit an experienced restaurant or bar operator seeking a centrally located downtown setting.

Key Highlights

  • Restaurant/bar space with prior tavern and restaurant use
  • General construction underway after removal of flooring and bar
  • Small kitchen requiring evaluation for restaurant operations

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage HVAC Service Law Firm Storage Facility Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,486
Businesses Nearby
18k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 63% Dining 37%
Sunoco Shops & Services
4,521 visits/mo 0.4 miles
BP Shops & Services
3,699 visits/mo 0.5 miles
El Azteca Dining
3,555 visits/mo 0.2 miles
Little Caesars Pizza Dining
2,924 visits/mo 0.4 miles
Valero Energy Shops & Services
2,555 visits/mo 0.2 miles

Demographics for 10940, NY

52,803
Population
19,930
Households
2.6
Avg Household Size
39
Median Age
24%
College-Educated
86%
High-School Grad
63.1 sq mi
ZIP Area
837
Density / Sq Mi
$87,198
Median Household Income
$46,435
Median Earnings
$1,600
Median Rent
$301,400
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
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Similar Off Market Nearby

  • Opening Soon 3 South St, Middletown, NY 10940

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Central-air-equipped space with public water and sewer is undergoing general construction.
Where is this conventional restaurant located?
The property is located at 33 Center Street Middletown, NY.
What is the lease rate?
The lease rate is $3,500/Mo.
What are key features of this property?
This property features: Restaurant/bar space with prior tavern and restaurant use; General construction underway after removal of flooring and bar; Small kitchen requiring evaluation for restaurant operations
More about this property
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