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    402 Main St Middletown, NY 10940

    Sponsored
    For Sale
    $799,000

    Historic Office Building, 100% Occupied

    Property size:
    3,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional two-story, 3,600 square foot office building is located at 402 E Main St, Middletown, NY 10940. Built in 1912 and renovated in 1984, this Class B property boasts a prime corner lot location on East Main Street, offering high visibility and accessibility. Currently 100% occupied by two tenants since August 1, 2022, this sale presents a unique sale-leaseback opportunity for the first-floor owner. The property features 15 parking spaces in a private lot behind the building, separate utilities, and sits on a 0.25-acre lot. The building is zoned HC and has an APN of 75-7-1.2. This is a multi-tenant property with three units in total. The asking price is $799,000, translating to $221.94 per square foot. This represents a strong investment opportunity in a desirable location. The building's excellent condition and high occupancy rate make it an attractive proposition for investors seeking a stable, income-generating asset. Don't miss this chance to acquire a well-maintained, historically significant commercial property in the heart of Middletown.

    Property Features for 402 Main St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    3,600 SF
    Class
    B
    Lot Size
    10,890 SF

    Building Details

    Year Built/Renovated
    1912/1984
    Buildings
    1
    Stories
    2
    Units
    3

    HighLights

    • $799,000 asking price for this 3,600 square foot office building.
    • Located at 402 E Main St, Middletown, NY 10940, this Class B property features a sale‑leaseback opportunity.
    • The 100% occupied building boasts two tenants and 15 parking spaces.
    • Built in 1912 and renovated in 1984, this two‑story building sits on a 0.25‑acre lot.
    • The property includes three units and offers a price per square foot of $221.94.
    Property Profile Location Intelligence

    Current Use by Public Records

    Adames Jaime A Attorney Mikes Cooling & Heating Hvac Contractor Charlene Dones Social Worker

    Suggested Use

    Auto Repair Shop Gym & Fitness Building Supply Auto Parts Store Department Store Daycare Center Electrical Service Furniture Store Parking Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Orange
    State
    New York
    Longitude
    -74.3942775
    Latitude
    41.4443086

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    FAQs

    What type of property is this?
    Office Property / Space - Historic Office Building, 100% Occupied
    Where is this office property / space located?
    The property is located at 402 Main St Middletown, NY.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: $799,000 asking price for this 3,600 square foot office building.; Located at 402 E Main St, Middletown, NY 10940, this Class B property features a sale-leaseback opportunity.; The 100% occupied building boasts two tenants and 15 parking spaces.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    402 Main St Middletown, NY 10940
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