Mixed-Use Property with
For Sale
$895,000
135 Route 44, Millerton, NY 12546
Two distinct commercial suites include office areas and kitchenettes, with on-site parking and a drive-through.
Property Size2,560 SF
Price / SF$349.61
Days on Market261
Property Features for 135 Route 44
General Information
Standard status
Active
Size
2,560 SF
Total Parking Spaces
20
Property subtype
Commercial
Zoning
BD-2
Site & Location
Drive-Thru
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Office Units
2
Taxes and HOA fees
Annual Taxes
$8,054
Amenities
kitchenette
drive-through
Building Details
Building Size
2,560 SF
Year Built
1957
Buildings
1
Stories
1
Units
2
Tenancy
Multi
Listing Agency:
Elyse Harney Real Estate
(518) 789-8800
Listed By:
Arleen M. Shepley · License #30SH0852433
(845) 224-8301
Source:
Clairedleone
Added: Feb 6
Changed: Oct 23
Last Checked: Oct 23 at 4:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Elyse Harney Real Estate
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Investment Insights
Based on property information with market context.
Built in 1957, this 2,560-square-foot mixed-use property is arranged as two independent commercial units. The larger suite has room for two to three private offices, plus an open area suited to reception, waiting, or retail use. The second unit combines a main office with a separate area for work or seating. Both suites have kitchenettes, and the site includes a drive-through and parking for up to 20 vehicles.
The property is at 135 Route 44 in Millerton, near the Village of Millerton and within reach of Salisbury, Sharon, and Lakeville, Connecticut. Wassaic Metro-North station is approximately 10 minutes away. The zoning designation is BD-2.
The property is at 135 Route 44 in Millerton, near the Village of Millerton and within reach of Salisbury, Sharon, and Lakeville, Connecticut. Wassaic Metro-North station is approximately 10 minutes away. The zoning designation is BD-2.
Key Highlights
- Approximately 2,560 square feet in two independent commercial units
- Larger unit can accommodate two to three private offices
- Both units have kitchenettes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,974
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$819,480
$819.5K
Cap Rate 7%
$585,343
$585.3K
Cap Rate 9%
$455,267
$455.3K
Market Conditions
NOI Build-Up for 2,560 SF
Gross rent
$70.0K $27.36/SF
− Vacancy
−$15.4K −$6.02/SF
EGI
$54.6K $21.34/SF
− OpEx
−$13.7K −$5.34/SF
NOI
$41.0K $16.01/SF
Area
Dutchess County, NY
Vacancy
22.00%
Lease Rate
$27.36 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$819,480
Cap Rate 7%
$585,343
Cap Rate 9%
$455,267
Alternative Uses
Best Use
Office B
$585.3K
$512.2K – $682.9K
NOI $40,974 @ 7.0% cap · market cap 4.58%
Second Best
Mixed Use
$444.3K
$388.8K – $518.4K
NOI $31,104 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$770.6K
$674.3K – $899.0K
NOI $53,942 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
267
Businesses Nearby
Explore this area
Business Placement
Demographics for 12546, NY
3,026
Population
1,594
Households
1.9
Avg Household Size
46
Median Age
35%
College-Educated
90%
High-School Grad
45.4 sq mi
ZIP Area
67
Density / Sq Mi
$88,603
Median Household Income
$50,693
Median Earnings
$1,277
Median Rent
$317,200
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two distinct commercial suites include office areas and kitchenettes, with on-site parking and a drive-through.
Where is this mixed-use property located?
The property is located at 135 Route 44 Millerton, NY.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Approximately 2,560 square feet in two independent commercial units; Larger unit can accommodate two to three private offices; Both units have kitchenettes
