For Sale
$3,900,000

66 Middlebush Rd Wappingers Falls, NY 12590

30,000 SF Medical/Executive Office

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This three-story, 30,000-square-foot office building, situated on a 2.09-acre lot in Wappingers Falls, NY, presents a compelling investment opportunity. Currently 70% occupied, this Class B property boasts a prime location at the signalized intersection of Route 9 and Middlebush Road, offering exceptional visibility and high traffic counts. The building features 17 suites across three floors, providing flexibility for various configurations and tenant needs. With ample parking and elevator service, the property ensures convenience for all occupants. Built in 1985, the building is zoned HB (Highway Business) and offers significant upside potential for value-add investors. Its strategic location near Interstate 84, the New Hamburg Metro North Train Station, and local schools enhances its appeal. The asking price is $3,900,000, translating to under $130 per square foot. This makes it an attractive proposition for REITs or investors seeking to expand their medical office portfolio or convert the space into condo-style suites. The property's strong tenancy and location within a thriving commercial area make it an ideal investment for long-term growth. The net rentable square footage is 25,000 square feet. The property is fee simple ownership.

Highlights

  • High-visibility location at the signalized intersection of Route 9 and Middlebush Road in Wappingers Falls, NY.
  • 30,000 square foot office building with 17 suites, offering flexibility for reconfiguration or condo conversion.
  • Attractive pricing of $130 per square foot, below market value, ideal for value-add investors.
  • Excellent investment opportunity for REITs or investors seeking to expand their medical office portfolio.
  • Convenient elevator service and ample parking.
  • High-traffic area near major roads and schools, providing excellent visibility.

Property Details for 66 Middlebush Rd

Property type
Office properties, Medical offices
Square Feet
30,000 SF
Class
B
Year Built
1985
Buildings
1
Stories
3
Lot Size (sq. ft)
91,040 SF

Location Insight

City
Wappingers Falls
County
Dutchess
State
New York
Latitude
41.588728688732
Longitude
-73.90787127904

FAQs

What type of property is this?
Office property - 30,000 SF Medical/Executive Office
Where is the office property located?
The property is located at 66 Middlebush Rd Wappingers Falls, NY.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: High-visibility location at the signalized intersection of Route 9 and Middlebush Road in Wappingers Falls, NY.; 30,000 square foot office building with 17 suites, offering flexibility for reconfiguration or condo conversion.; Attractive pricing of $130 per square foot, below market value, ideal for value-add investors.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
66 Middlebush Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message