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    OFF-MARKET
    Office Spaces

    402 Main St, Middletown, NY 10940

    3,600 SF 0.25 ac lot Built 1912
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Office Spaces
    Year built 1912
    Total area 3,600 SF
    Lot 0.25 ac (10,890 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
    Current use
    Occupant on record · Public records
    • Adames Jaime A Law Firm
    • Mikes Cooling & Heating HVAC Service General Contractor
    • Charlene Dones Foster Care Service Social Service Agency
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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