For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Drive-Through Bank Branch Title is generated by Realmo AI

    357 E Main Street, Middletown, NY 10940

    View on Map
    Claim this Listing
    Pending
    $880,000

    SINGLE_FAMILY - Middletown, NY

    Type:Retail
    Property size:
    3,192 SF
    Lot size:
    1.00 Acre
    Added:
    Nov 6, 2025
    Days on Market:
    233
    Last Refresh:
    Jun 27 at 2:06 am

    Property Features for 357 E Main Street

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Rooms
    Basement
    Parking
    24
    Basement
    Full, Unfinished
    Standard status
    Pending
    APN
    335200-074-000-0010-007.200-0000
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    18173

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Floors in Building
    1
    Building materials
    Frame

    We can help!

    Contact an agent
    Hai Li

    Listing agent Hai Li

    Listing office Keller Williams Hudson Valley 9 Bert Crawford Rd, Ste 104, New City, NY

    Listing date Nov 6, 2025

    MLS# 932772

    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.

    HighLights

    • Prime location with high visibility and 11,189 average daily traffic count.
    • Well‑maintained 3,192 SF building constructed in 2010.
    • Includes a drive‑through window.
    • 24 dedicated parking spaces.
    • Suitable for medical, financial, or high‑traffic retail uses.
    • Full basement.

    Overview

    Built in 2010, this well-maintained commercial property was designed to function as a bank branch and includes approximately 3,192 SF. The building features a drive-through window, central A/C, and a full basement. The property is currently occupied by Rhinebeck Bank, with availability scheduled for February 1, 2026.

    Located at 357 E Main Street in Middletown, New York, the property is positioned for strong daily exposure, with an estimated 11,189 average daily traffic count. The site offers 24 dedicated parking spaces.

    For buyers or operators seeking a commercial facility with a drive-through component and on-site parking, this structure supports financial uses and may also fit medical or high-traffic retail concepts, subject to applicable approvals. With central A/C and a full basement, it offers practical functionality for day-to-day operations and additional building utility space.

    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 $107.3k $33.60
    − Vacancy −$12.7k −$3.96
    EGI $94.6k $29.64
    − OpEx −$37.8k −$11.85
    NOI $56.8k $17.78
    3,192 SF · lease $33.60/SF/yr · vacancy 11.80% · expense 40.00%

    Alternative Uses

    Best Use
    Healthcare Medical
    $810.8K
    $709.5K – $946.0K (±1% cap)
    NOI $56,757 @ 7.0% cap · market cap 6.45%
    Second Best
    Office B
    $763.0K
    $667.6K – $890.2K (±1% cap)
    NOI $53,411 @ 7.0% cap · market cap 6.07%
    Theoretical Best
    Office A
    $1.08M
    $946.0K – $1.26M (±1% cap)
    NOI $75,676 @ 7.0% cap · market cap 8.60%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rhinebeck Bank Bank David Curry, VP ... Loan Service Miing Porta Building Supply

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Orange
    State
    New York
    Longitude
    -74.3991721
    Latitude
    41.4454654

    FAQs

    What type of property is this?
    Bank - 2010-built bank branch with a drive-through window, central AC, and dedicated parking, currently occupied with availability Feb. 1, 2026.
    Where is this bank located?
    The property is located at 357 E Main Street Middletown, NY.
    What is the asking price?
    The asking price for this property is $880,000.
    What are key features of this property?
    This property features: Prime location with high visibility and 11,189 average daily traffic count.; Well‑maintained 3,192 SF building constructed in 2010.; Includes a drive‑through window.
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message