Medical Office with On-Site
New
For Sale
$499,000
2-4 Albert St, Middletown, NY 10940
A dental practice has occupied the freestanding property since 2016 and remains in place under a gross lease.
Property Size2,884 SF
Lot Size0.28 Acres
Price / SF$173.02
Days on Market2
Property Features for 2-4 Albert St
General Information
Standard status
Active
Size
2,884 SF
Lot size
0.28 Acres
Property subtype
Commercial
Occupancy
100%
Net Operating Income
$40,474
Additional Details
Asking Price
$499,000
Tenant in Place
Yes
Property Use
Dental Office
Medical Specialty
dental
Taxes and HOA fees
Annual Taxes
$12,009
Building Details
Building Size
2,884 SF
Year Built
1900
Buildings
1
Tenancy
Single
Owner Occupied
No
Listing Agency:
Keller Williams Realty
Listed By:
Peter Berman · License #10401392566
(845) 629-5854
Source:
Elliman
Added: Nov 3
Last Checked: Nov 3 at 4:20AM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This freestanding medical office contains approximately 2,884 square feet on a 0.275-acre parcel, with dedicated parking on site. The property is occupied by Mondovi Dental, which has operated there since 2016; the dental practice, its equipment, and goodwill are not part of the real estate offering. The building dates to 1900, with area based on public records.
The property sits at the corner of Albert Street and Wickham Avenue in Middletown, New York. Its gross lease extends through August 31, 2029, and includes approximately 2% annual rent increases plus two additional three-year renewal options.
The property sits at the corner of Albert Street and Wickham Avenue in Middletown, New York. Its gross lease extends through August 31, 2029, and includes approximately 2% annual rent increases plus two additional three-year renewal options.
Key Highlights
- Freestanding medical office with approximately 2,884 SF
- 0.275‑acre parcel with dedicated on‑site parking
- Mondovi Dental has occupied the property since 2016 and remains in place
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,528
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - A dental practice has occupied the freestanding property since 2016 and remains in place under a gross lease.
Where is this medical office space located?
The property is located at 2-4 Albert St 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; 0.275‑acre parcel with dedicated on‑site parking; Mondovi Dental has occupied the property since 2016 and remains in place
