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Restaurant Space Under Construction
New
For Lease
$3,500/Mo

33 Center Street #29, Middletown, NY 10940

Central restaurant space undergoing general construction near City Hall and the public library.

Space SizeContact for details
Days on Market7

Property Features for 33 Center Street #29

General Information

Standard status Active
Property subtype Commercial

Property Condition

Severity Minor
Evidence general construction work

Taxes and HOA fees

Annual Taxes $11,392

Amenities

Central air
Central Air Cooling
Natural Gas Heating
Listing Agency: KELLER WILLIAMS HUDSON VALLEY
Listed By: JONATHON Z. LEE
Source: Corcoran
Added: Aug 10 Changed: Aug 16 Last Checked: Aug 16 at 6:11AM

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 HUDSON VALLEY

Investment Insights

Based on property information with market context.

This restaurant space at 33 Center Street is being prepared for a future food-service tenant. Flooring and the bar have been removed, while general construction work is underway to restore the premises for restaurant use. Any tenant-specific improvements or specialized build-out will be handled by the tenant.

The property is positioned directly across from City Hall and beside the public library in central Middletown. It has previously operated as both a tavern and a restaurant. The existing kitchen is small and may not provide sufficient capacity for all restaurant concepts, so prospective operators should evaluate the space against their operational requirements.

Key Highlights

  • General construction underway to prepare the premises for restaurant use
  • Flooring and bar removed from the space
  • Directly across from City Hall and next to the public library

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage HVAC Service Law Firm Storage Facility Gym & Fitness Center

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

Location Intelligence

Trade Area within ½ mile

1,486
Businesses Nearby
18k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 63% Dining 37%
Sunoco Shops & Services
4,521 visits/mo 0.4 miles
BP Shops & Services
3,699 visits/mo 0.5 miles
El Azteca Dining
3,555 visits/mo 0.2 miles
Little Caesars Pizza Dining
2,924 visits/mo 0.4 miles
Valero Energy Shops & Services
2,555 visits/mo 0.2 miles

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

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Similar Off Market Nearby

  • Opening Soon 3 South St, Middletown, NY 10940

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Central restaurant space undergoing general construction near City Hall and the public library.
Where is this conventional restaurant located?
The property is located at 33 Center Street #29 Middletown, NY.
What is the lease rate?
The lease rate is $3,500/Mo.
What are key features of this property?
This property features: General construction underway to prepare the premises for restaurant use; Flooring and bar removed from the space; Directly across from City Hall and next to the public library
More about this property
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