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    66 Middlebush Rd Wappingers Falls, NY 12590

    Sponsored
    For Sale
    $3,900,000

    30,000 SF Medical/Executive Office

    Property size:
    30,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This three-story, 30,000-square-foot office building, situated on a 2.09-acre lot in Wappingers Falls, NY, presents a compelling investment opportunity. Currently 70% occupied, this Class B property boasts a prime location at the signalized intersection of Route 9 and Middlebush Road, offering exceptional visibility and high traffic counts. The building features 17 suites across three floors, providing flexibility for various configurations and tenant needs. With ample parking and elevator service, the property ensures convenience for all occupants. Built in 1985, the building is zoned HB (Highway Business) and offers significant upside potential for value-add investors. Its strategic location near Interstate 84, the New Hamburg Metro North Train Station, and local schools enhances its appeal. The asking price is $3,900,000, translating to under $130 per square foot. This makes it an attractive proposition for REITs or investors seeking to expand their medical office portfolio or convert the space into condo-style suites. The property's strong tenancy and location within a thriving commercial area make it an ideal investment for long-term growth. The net rentable square footage is 25,000 square feet. The property is fee simple ownership.

    Property Features for 66 Middlebush Rd

    General Information

    Property type
    Medical offices
    Square Feet
    30,000 SF
    Class
    B
    Lot Size
    91,040 SF

    Building Details

    Year Built
    1985
    Buildings
    1
    Stories
    3

    HighLights

    • High‑visibility location at the signalized intersection of Route 9 and Middlebush Road in Wappingers Falls, NY.
    • 30,000 square foot office building with 17 suites, offering flexibility for reconfiguration or condo conversion.
    • Attractive pricing of $130 per square foot, below market value, ideal for value‑add investors.
    • Excellent investment opportunity for REITs or investors seeking to expand their medical office portfolio.
    • Convenient elevator service and ample parking.
    • High‑traffic area near major roads and schools, providing excellent visibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    StartNew Medical, P.C. Pain Management Physician Anthony Zammiello, DC Chiropractor Zammiello Family Chiropractic Chiropractor DeTullio Chiropractic Chiropractor Yalanda Howard Nurse Practitioner

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Wappingers Falls
    County
    Dutchess
    State
    New York
    Longitude
    -73.90787127904
    Latitude
    41.588728688732

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    FAQs

    What type of property is this?
    Medical office - 30,000 SF Medical/Executive Office
    Where is this medical office located?
    The property is located at 66 Middlebush Rd Wappingers Falls, NY.
    What is the asking price?
    The asking price for this property is $3,900,000.
    What are key features of this property?
    This property features: High-visibility location at the signalized intersection of Route 9 and Middlebush Road in Wappingers Falls, NY.; 30,000 square foot office building with 17 suites, offering flexibility for reconfiguration or condo conversion.; Attractive pricing of $130 per square foot, below market value, ideal for value-add investors.
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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
    66 Middlebush Rd Wappingers Falls, NY 12590
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