Medical Space with Redevelopment
161 E Main Street Port Jervis, NY 12771
161 E Main Street, Port Jervis, NY, 12771
$6,500,000
For Sale
$6,500,000
28,000 SF medical space suitable for redevelopment.
Property Size28,000 SF
Lot Size1.02 Acres
Price / SF$232.14
Days on Market251
Property Features for 161 E Main Street
General Information
- Standard status
- Active
- Size
- 28,000 SF
- Lot size
- 1.02 Acres
- Property subtype
- Commercial
Listing Agency
RAND COMMERCIAL
(845) 294-3100
Listed by
HILARY R. GOLDMAN · License #10401329553
Source
Corcoran
Added: Nov 12, 2025 Updated: Jul 10 at 3:47 pm Checked: Jul 20 at 3:35 am
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 RAND COMMERCIAL
Investment Insights
Based on property information with market context.
This property offers approximately 28,000 square feet of medical space situated within the NMU zoning district. It presents adaptive re-use potential for developers and investors. The existing build-out includes medical-grade finishes, ADA-compliant design, exam rooms, patient bays, and imaging areas. Two large, open suites are located on the first and second floors, ready for new layouts. The property features existing lighting and HVAC systems, wide corridors, and a medical elevator to facilitate circulation. Located at the gateway to the City of Port Jervis, the property is approximately 1 mile from the MTA Port Jervis line and benefits from an average annual daily traffic count of approximately 10,000, offering brand visibility. Port Jervis is undergoing downtown revitalization supported by a DRI award, with local government initiatives focused on affordable housing, streamlined planning, IDA redevelopment, and expanded water capacity to support increased housing and manufacturing. The property is suitable for medical, mixed-use, residential over commercial, or institutional redevelopment, subject to approvals, within a pro-growth, investment-friendly environment.
Key Highlights
- 28,000 SF of medical space with adaptive re‑use potential.
- Existing medical‑grade build‑out featuring exam rooms, patient bays, and imaging areas.
- Located at the gateway to Port Jervis, 1 mile from the MTA Port Jervis line, with high traffic (~10,000 AADT).
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $756.0k | $27.00 |
| − Vacancy | −$75.6k | −$2.70 |
| EGI | $680.4k | $24.30 |
| − OpEx | −$272.2k | −$9.72 |
| NOI | $408.2k | $14.58 |
28,000 SF · lease $27.00/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$5.83M
$5.10M – $6.80M
NOI $408,240 @ 7.0% cap · market cap 6.28%
Second Best
Office B
$5.62M
$4.91M – $6.55M
NOI $393,120 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$7.68M
$6.72M – $8.96M
NOI $537,600 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bon Secours Medical ...
Hospital
Heather Jaeger
Physician
Bon Secours Medical ...
Medical Clinic
Bon Secours Medical ...
Physician
Bon Secours Medical ...
Physician
Similar For Sale Nearby
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- NANCY HALLAM-SMITH — 33 Jersey Ave, Port Jervis, NY 12771
- Tri-State Veterinary Hospital — 33 Jersey Ave, Port Jervis, NY 12771
FAQs
What type of property is this?
Medical Office Space - 28,000 SF medical space suitable for redevelopment.
Where is this medical office space located?
The property is located at 161 E Main Street Port Jervis, NY.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: 28,000 SF of medical space with adaptive re‑use potential.; Existing medical‑grade build‑out featuring exam rooms, patient bays, and imaging areas.; Located at the gateway to Port Jervis, 1 mile from the MTA Port Jervis line, with high traffic (~10,000 AADT).
