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Property profile & analytics
OFF-MARKET
Investment properties

389 Main St Middletown, NY 10940-3434

2,271 SF 0.44 ac lot Built 1930
Entity Owned Absentee Owner Free & Clear
Property ID
US63-2838181
Property summary
AI-generated overview

This exceptional 2,271 square foot office building is strategically located on East Main Street in Middletown, NY, a high-traffic area offering significant visibility and accessibility. The property boasts approximately 250 feet of road frontage, maximizing its commercial potential. The building itself is currently configured as three separate professional office suites, each featuring its own reception area and multiple rooms, providing flexibility for owner-occupancy and rental income generation. Each unit benefits from convenient front and rear door access. A private parking lot is situated behind the building, offering ample parking for tenants and staff. Adding to the property's value are two attached vacant lots, totaling approximately 1.09 acres, presenting opportunities for expansion of the parking area, future development, or increased rental income. This presents a rare opportunity to acquire a substantial commercial property with significant upside potential in a desirable Middletown location. The property's size, location, and existing infrastructure make it an ideal investment for a variety of businesses seeking a prominent presence in a busy commercial corridor. The combination of existing office space and the substantial additional land provides a unique opportunity for growth and expansion.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1930
Total area 2,271 SF
Lot 0.44 ac (18,972 SF)
Zoning code HC
APN 335200 74-8-19
UPID US63-2838181
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Greater Ny Corp
Greater Ny Corp
since 2025
Last sale
$410,000
1 recorded transaction
2025
$410,000
Zoning & alternative use
HC · Middletown, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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