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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

2850 State Route 17K Middletown, NY 10941

1,754 SF 1.14 ac lot Built 1977
Property ID
Property summary
AI-generated overview

This exceptional commercial real estate opportunity in Middletown, NY, presents a unique investment prospect. Situated on a highly visible 1.14-acre lot at the intersection of State Route 17K and State Route 302, this property boasts approximately 200 feet of road frontage on each road, experiencing an estimated 5,000 cars per day. The sale includes two separate parcels, sold together. One parcel features a fully operational, 80-seat restaurant, successfully operating for 34 years, currently leased and accessible from both roadways. The restaurant is equipped for operation and has been open seven days a week. The second parcel contains a single-family home, also currently rented. Both properties share a common well for water and have separate septic systems. The restaurant utilizes propane for heating, while the house uses oil. This prime location offers numerous development possibilities, including but not limited to a gas station with a convenience store, liquor store, a drive-thru establishment like a Dunkin' Donuts, or a car dealership. Its strategic location provides easy access to Middletown, I-84, Montgomery, Newburgh, and Pine Bush, connecting Orange, Ulster, and Sullivan counties. The total building square footage is 1,754 square feet. This is a rare chance to acquire a high-traffic, high-value commercial property with significant potential for growth and diverse uses. The asking price is $1,999,999.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1977
Total area 1,754 SF
Lot 1.14 ac (49,658 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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