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    FOR LEASE
    Office Spaces

    25 Mill St, Middletown, NY 10940

    1,872 SF 0.12 ac lot Built 1900
    Property ID
    US63-1888674
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a fully renovated, two-unit building situated at 25 Mill St, Middletown, NY. The property boasts a total of 1,872 square feet on a 0.12-acre lot. The second floor is currently occupied by a residential tenant under a three-year lease, generating a monthly rental income of $2,000. The first floor, designated for commercial use by the town, is currently vacant and readily available for lease. This space is ideally suited for office or retail use, featuring multiple rooms perfect for individual offices or a larger open plan. A full kitchen and bathroom add to the functionality, while a convenient deck provides an outdoor space for breaks or client meetings. To enhance tenant convenience, a new driveway is being installed, providing off-street parking for both units. Further enhancing the property's value is a recently installed high-end heating system, ensuring efficient and comfortable year-round operation. The building's prime location offers easy access to downtown Middletown, making it an attractive proposition for both tenants and investors. The asking price for this turnkey investment property is $499,000.

    Property profile
    Verified
    Property type Office Spaces
    Year built 1900
    Total area 1,872 SF
    Lot 0.12 ac (5,227 SF)
    UPID US63-1888674
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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