20 Industrial DrMiddletown, NY 10941

Property Details for 20 Industrial Dr

Year built

1981

Lot size

1.50 AC

Property size (Sq ft)

7,254 SF

Zone code

ENT-L

Property type

Retail properties

Property subtype

Other automotive properties

APN

335200 41-1-86.2

APU

335200411862

Description

This 5,200-square-foot warehouse space is part of a larger 12,750-square-foot industrial building located at 20 Industrial Drive in Middletown, New York (zip code 10941). The property sits on a 1.5-acre lot and offers convenient access to Route 17 (less than one mile away). Built in 1981 and renovated in 1990, this Class B building features 13-foot ceilings and is zoned ENT-L, allowing for a variety of uses including light manufacturing, production, research, service and repair, warehousing, self-storage, and wholesale. The available space is located on the lower level and offers rear access. Features include three drive-in doors (two at 11 feet and one at 13 feet), one loading dock, and ample parking for trucks and trailers. The space itself comprises open areas, three offices, garage space, and a bulk storage area. Utilities include natural gas, municipal water, and sewer. The building has a total of 25 parking spaces. Property taxes are $1.25 per square foot. The building has two suites in total.

• CAP approach

  CAP return

  Valuation

  6%

  $2,648,949

  6.5%

  $2,445,184

  7%

  $2,270,528

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,404,530

  Geo Method

  $2,388,475

• Alternative Use

  Use

  Valuation

  Residential

  $2,062,604

  Hospitality

  $1,889,334

  Educational

  $1,571,904

  Medical

  $1,625,964

  Retail

  $2,445,184

Location Insight

City

Middletown

County

Orange

State

New York

Latitude

41.4698

Longitude

-74.3738

CBSA code

39100

CBSA name

POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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