Property profile

402 Main St Middletown, NY 10940

OFF-MARKET
Office Spaces
3,600 SF 0.25 ac lot Built 1912
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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

Current use

Occupant on record · Public records
  • Law Firm
  • HVAC Service General Contractor
  • Foster Care Service Social Service Agency

Location

402 Main St Middletown, NY 10940
Middletown metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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