40 Commercial AveMiddletown, NY 10941

  • Manufacturing properties
  • 48,903 SF
For Lease
$10/SF/YR View listing

Property Details for 40 Commercial Ave

Year built
1979
Lot size
6.20 AC
Property size (Sq ft)
48,903 SF
Zone code
ENT-L
Property type
Manufacturing properties
APN
335200 41-1-74.61
APU
3352004117461

Description

This exceptional 52,000-square-foot industrial property in Middletown, NY, offers a versatile space ideal for various manufacturing and warehouse operations. Currently configured for multiple tenants, a 24,000-square-foot space is immediately available for lease. The building, constructed in 1975, features 27-foot ceilings in the main production area, providing ample vertical space. Two of four enclosed loading docks, situated within a heated truck bay, are dedicated to this space. The property boasts a comprehensive wet sprinkler system for fire safety and a large paved parking lot accommodating approximately 70 vehicles. The space includes office areas and laboratories, all within the 24,000 square foot minimum divisible area. Previously utilized for pharmaceutical manufacturing, this facility is well-suited for food manufacturing, packaging, or other high-tech industries. Utilities include municipal water and sewer, high-volume natural gas service for heating and hot water, and 1200 amps of power. The property sits on 6.2 acres of land and is zoned Ent L. The landlord is open to dividing the space further to accommodate specific tenant needs. Tenant is responsible for a pro-rata share of property taxes and utilities. This is a rare opportunity to secure a well-maintained, strategically located industrial space in Orange County. The APN is 41-1-74.61.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $13,905,089
    Hospitality
    $12,736,987
    Educational
    $10,597,023
    Medical
    $10,961,471
    Retail
    $16,484,259
40 Commercial Ave, Middletown, New York

Location Insight

City
Middletown
County
Orange
State
New York
Latitude
41.4648
Longitude
-74.3505
CBSA code
39100
CBSA name
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2021
-
$124,000
$410,000
$534,000
-
$855,182
$2,827,618
$3,682,800

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