12 Union St Middletown, NY 10940
- Commercial real estate
- 15,299 SF
- 0.88 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 12 Union St
- Year built
- 1900
- Lot size
- 0.88 lot acres
- Property size
- 15,299 SF
- Property type
- Commercial real estate
Description
This exceptional mixed-use property in the heart of Middletown, NY, presents a compelling investment opportunity. Comprising two adjacent parcels at 12-14 Union Street and 4-8 Franklin Street, the offering totals 15,299 square feet on a sizable 0.88-acre lot. The Union Street building, a three-story structure, offers 1,512 square feet per floor, totaling 4,536 square feet. The Franklin Street parcel features a substantial 9,179-square-foot ground floor, ideal for retail or storage, and a 1,524-square-foot second-floor office space. The property's DMU (Downtown Mixed Use) zoning allows for flexible development. The ground floor is designated for commercial use, while upper floors can be either commercial or residential. Given the substantial square footage, the property offers significant potential for residential conversion. With a minimum residential unit size of 750 square feet, numerous units could be created. Parking requirements stipulate 1.7 spaces per residential unit. This central location and versatile zoning make this property an attractive prospect for developers and investors seeking a high-impact project in a thriving downtown area. The asking price is $950,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Middletown
- County
- Orange County
- State
- New York
- Longitude
- -74.4214
- Latitude
- 41.4475
