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Multi-Level Flex Building
For Lease
$10 SF/Yr

17 Midland Avenue, Middletown, NY 10940

Commercial Lease, Middletown, NY

Space Size11,441 SF
Lot Size11.20 Acres
Days on Market77

Property Features for 17 Midland Avenue

General Information

Property type Commercial Lease
Property subtype Other
Zoning I-2
Rooms Basement
Parking 20
Parking features Parking Lot
Basement Finished, Storage Space, Walk-Out Access
Subdivision Midland Ave Ext.
Lot features Level
Elementary school district Middletown
Middle school district Middletown
High school district Middletown
Directions Take Route 211 to Wisner Ave. then make Right turn onto Midland Ave. Ext prior to Railroad Tracks. Building #1
Standard status Active
APN 330900.009.000-0001-003.100/0000
Lot size 11.20 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 45560

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Forced Air, Natural Gas
Water source Public

Building Details

Year built 1930
Floors in Building 3
Number of units 3
Flooring type Tile, Concrete
Building materials Block, Brick
Listing Agency: KW Hudson Valley United · Keller Williams Realty
Listed By: Jason L McGovern
Added: Aug 5 Changed: Oct 13 Last Checked: Oct 20 at 10:06PM
MLS# 1036177

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.

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Investment Insights

Based on property information with market context.

This 11,441-square-foot flex building at 17 Midland Avenue is arranged across three levels and is undergoing a comprehensive remodel, with occupancy anticipated October 1, 2026. The upper floor contains 2,495 square feet of office space with central air; the main level offers 5,885 square feet of open area, and the 3,061-square-foot basement provides storage with interior and exterior access. Planned work includes new paint, windows, entrance doors, five bathrooms, two overhead/tailgate doors, and heat throughout. Floor-to-ceiling windows are planned for the main level. The property is zoned I-2, and the parking lot is to be configured to tenant needs.

The 11.2-acre property is served by public water and sewer. Potential uses identified include offices, contractor operations, showrooms, distribution, fitness, creative studios, indoor recreation, light industrial activity, e-commerce, and storage; other uses require municipal approval. The owner will consider dividing the facility.

Key Highlights

  • 11,441 SF flex building on 11.2 acres
  • Three‑level layout: 2,495 SF upper‑floor offices, 5,885 SF open main floor, and 3,061 SF basement/storage
  • I‑2 zoning

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage HVAC Service Gym & Fitness Center Storage Facility (Bike/Boat/Book/etc) Store

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
$1.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,046
Businesses Nearby
Under-served
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Middletown, NY

$14.7 /SF/Yr
Avg Asking Price
$10–$20 /SF/Yr
Price Range
4,488 SF
Avg Space Size

This space is priced 32% below the average of $14.7 /SF/Yr.

Vacancy Rate% for Industrial in Northeast region

5.4% 2019
4.6% 2020
3.2% 2021
3.3% 2022
5.3% 2023
6.6% 2024
7.6% 2025

Frequently Asked Questions

What type of property is this?
Flex space - A planned renovation will refresh the three-level facility, with office, open-floor, and storage areas.
Where is this flex space located?
The property is located at 17 Midland Avenue Middletown, NY.
What is the lease rate?
The lease rate is $10 SF/Yr.
What are key features of this property?
This property features: 11,441 SF flex building on 11.2 acres; Three‑level layout: 2,495 SF upper‑floor offices, 5,885 SF open main floor, and 3,061 SF basement/storage; I‑2 zoning
More about this property
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