402 Main St, Middletown, NY 10940
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.
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Adames Jaime A Law Firm
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Mikes Cooling & Heating HVAC Service General Contractor
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Charlene Dones Foster Care Service Social Service Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.