14 Cottage St, Unit 20 Middletown, NY 10940-5003

Property Details for 14 Cottage St

Lot size

1.40 lot acres

Zone code

DMU

Property type

Showrooms

APN

330900 31-4-1.22

APU

330900314122

Description

This exceptional 40,300-square-foot industrial property, located at 14 Cottage Street in Middletown, New York, presents a rare investment opportunity. The building, constructed in 1900 and extensively renovated in 2019, sits on a 1.4-acre lot and boasts a flexible layout suitable for various uses, including manufacturing, warehousing, and flex space. The property features three loading docks with 10-foot-high doors, three drive-in bays with roll-up doors, and ceiling heights ranging from 14 to 18 feet. Currently at 20% occupancy, it offers immediate potential for lease-up as a multi-tenant facility or conversion to a single-user space. The property benefits from assumable long-term tax incentives, providing significant financial advantages. Ample parking is available both on-site and via municipal parking. Its strategic location along the heritage trail, combined with the DMU zoning (recently changed from I-2), opens doors for potential redevelopment into retail or residential units. The main level, lower level (out to grade), and loft space provide versatile options for future tenants or developers. The asking price is $3,895,000, translating to $96.65 per square foot. The property's APN is 330900.031.000-0004-001.220/0000. This is a prime opportunity for investors, developers, or owner-users seeking a strategically located, sizable industrial property with significant upside potential.

Location Insight

City

Middletown

County

Orange

State

New York

Longitude

-74.4156

Latitude

41.4469

CBSA code

39100

CBSA name

POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments