970 Route 17MMiddletown, NY 10940

Property Details for 970 Route 17M

Year built

1952

Lot size

0.56 AC

Property size (Sq ft)

6,600 SF

Zone code

R2

Property type

Investment properties

Property subtype

Retail residential properties

APN

335200 14-1-66

APU

33520014166

Description

This exceptional investment opportunity presents two magnificent buildings totaling 18,300 square feet for the price of one. The main building, located at 970 Route 17M in Middletown, NY, boasts 9,900 square feet of versatile retail and warehouse space. Currently operating as a restaurant equipment supply business, this building offers an open, flexible floor plan ideal for various uses. Features include high 12-foot ceilings, three overhead doors, loading docks, an office, multiple bathrooms, concrete floors, two heating systems, ample lighting, and a wide-open clear span. Extensive additional storage is also available. The property is in excellent, move-in ready condition and benefits from exceptional visibility from Route 17M. Its convenient location is just a half-mile from Route 17M, two miles from Middletown, three miles from Bloomingburg, and four miles from Route 84. The second building, encompassing 8,400 square feet, offers a wide-open floor plan currently used for storage. This building includes two large overhead doors, an office, and a bathroom. Both buildings share a substantial parking lot at the front and rear. This property represents a truly remarkable investment opportunity, ready for immediate occupancy and offering significant potential for growth and return. Don't miss this chance to acquire a dual-building property in a high-traffic area.

• CAP approach

  CAP return

  Valuation

  6%

  $2,033,032

  6.5%

  $1,876,645

  7%

  $1,742,599

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,345,636

  Geo Method

  $1,336,652

• Alternative Use

  Use

  Valuation

  Residential

  $1,876,645

  Hospitality

  $1,718,997

  Educational

  $1,430,185

  Medical

  $1,479,372

  Retail

  $2,224,733

Location Insight

City

Middletown

County

Orange

State

New York

Latitude

41.4974

Longitude

-74.4122

CBSA code

39100

CBSA name

POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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