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Freestanding Medical Office Building
For Sale
$499,000

2-4 Albert Street, Middletown, NY 10940

Commercial Sale, Middletown, NY

Property Size2,884 SF
Lot Size0.28 Acres
Price / SF$173.02
Days on Market8

Property Features for 2-4 Albert Street

General Information

Property type Commercial Sale
Property subtype Office
Zoning C-1A
Rooms Basement
Parking features Parking Lot
Basement Storage Space, Crawl Space, Full, Unfinished
Elementary school district Middletown
Middle school district Middletown
High school district Middletown
Standard status Active
APN 330900-027-000-0006-028.200-0000
Lot size 0.28 Acres

Additional Details

Tenant in Place Yes
Property Use Dental Office
Medical Specialty dental

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 12009

Utilities

Sewer type Public Sewer
Heating system Forced Air
Cooling system Wall/Window Unit(s), Window Unit(s), Zoned, Central Air
Water source Public

Building Details

Year built 1900
Building materials Frame
Buildings 1
Listing Agency: Keller Williams Realty
Listed By: Peter Berman · License #10401392566
Added: Oct 30 Changed: Nov 3 Last Checked: Nov 6 at 12:06PM
MLS# 1067444

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.

Rey
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Investment Insights

Based on property information with market context.

This freestanding medical office property contains approximately 2,884 square feet on a 0.275-acre parcel. The building dates to 1900 and has a basement, forced-air heat, and a dedicated parking lot. The sale covers the real estate only; the dental practice, equipment, and goodwill are excluded. The tenant remains in place.

Mondovi Dental has occupied the building since 2016. Its gross lease runs through August 31, 2029, with approximately 2% annual rent increases and two additional three-year renewal options. The property is zoned C-1A and has public water and sewer service.

Key Highlights

  • Freestanding medical office with approximately 2,884 SF of building area
  • 0.275‑acre lot with dedicated on‑site parking
  • Mondovi Dental has occupied the property since 2016

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Florist Tech Support Center (Bike/Boat/Book/etc) Store Tanning Salon

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

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,528
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
View Realmo Analytics

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025

Frequently Asked Questions

What type of property is this?
Medical Office Space - The property is leased to a dental tenant under a gross lease with scheduled rent increases and renewal options.
Where is this medical office space located?
The property is located at 2-4 Albert Street Middletown, NY.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Freestanding medical office with approximately 2,884 SF of building area; 0.275‑acre lot with dedicated on‑site parking; Mondovi Dental has occupied the property since 2016
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