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    2850 State Route 17K Middletown, NY 10941

    For Sale
    $1,999,999

    Prime Retail Location, Two Properties, High Visibility

    Property size:
    1,754 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional commercial real estate opportunity in Middletown, NY, presents a unique investment prospect. Situated on a highly visible 1.14-acre lot at the intersection of State Route 17K and State Route 302, this property boasts approximately 200 feet of road frontage on each road, experiencing an estimated 5,000 cars per day. The sale includes two separate parcels, sold together. One parcel features a fully operational, 80-seat restaurant, successfully operating for 34 years, currently leased and accessible from both roadways. The restaurant is equipped for operation and has been open seven days a week. The second parcel contains a single-family home, also currently rented. Both properties share a common well for water and have separate septic systems. The restaurant utilizes propane for heating, while the house uses oil. This prime location offers numerous development possibilities, including but not limited to a gas station with a convenience store, liquor store, a drive-thru establishment like a Dunkin' Donuts, or a car dealership. Its strategic location provides easy access to Middletown, I-84, Montgomery, Newburgh, and Pine Bush, connecting Orange, Ulster, and Sullivan counties. The total building square footage is 1,754 square feet. This is a rare chance to acquire a high-traffic, high-value commercial property with significant potential for growth and diverse uses. The asking price is $1,999,999.

    Property Features for 2850 State Route 17K

    General Information

    Property type
    Retail properties
    Square Feet
    1,754 SF
    Lot Size
    49,658 SF

    Building Details

    Year Built
    1977
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Orange County
    State
    New York
    Longitude
    -74.36216
    Latitude
    41.54276

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Location, Two Properties, High Visibility
    Where is this retail property located?
    The property is located at 2850 State Route 17K Middletown, NY.
    What is the asking price?
    The asking price for this property is $1,999,999.
    (845) 341-0004
    Request Owner's contact information
    2850 State Route 17K Middletown, NY 10941
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    Middletown, NY 10941
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2850 State Route 17K Middletown, NY 10941
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