53 Smith Rd Middletown, NY 10941

Property Details for 53 Smith Rd

Year built

1985

Lot size

11.30 lot acres

Property size

72,000 SF

Property type

Warehouses

Property subtype

Life science properties

Description

This exceptional 72,000-square-foot industrial property, situated on an expansive 11.3-acre lot in Middletown, NY, presents a compelling investment opportunity. The single-story building, constructed in 1985 and renovated in 2018 and 2020, boasts a steel frame construction and features a spacious layout with 15+ foot ceiling heights and 40' x 40' column spacing. The property includes 5 loading docks, 2 drive-in doors, and ample parking for approximately 38 vehicles (expandable to approximately 1000). The building also offers 4,000 square feet of office space. The property is zoned TC (Town Center) and benefits from municipal water and sewer. Electrical service is robust, featuring 8,000 amps, 120/208 Volts, 3-phase, 4-wire power. A wet sprinkler system is in place for fire protection. The property's strategic location offers easy access to major transportation arteries, including Interstate 84 (approximately 1 mile), Route 17 (approximately 2 miles), Interstate 87 (approximately 8 miles), Stewart International Airport (approximately 15 miles), and is within a reasonable distance to the New Jersey state line, New York City, the Port of Newark, and Albany. The property is currently assessed at $205,900.04 in total taxes for 2023, with $75,484.15 allocated to school taxes and $130,415.89 to county taxes. The property has significant expansion potential, with the possibility of increasing the building size to approximately 120,000 square feet and parking to approximately 1000 spaces. This property is ideal for manufacturing, R&D, and warehousing operations. Asking price is $13,900,000.

Location Insight

City

Middletown

County

Orange

State

New York

Longitude

-74.3668

Latitude

41.4558