389 Main St Middletown, NY 10940-3434
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
HC · Middletown, NYMiddletown. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.