66 Middlebush RdWappingers Falls, NY 12590

Property Details for 66 Middlebush Rd

Year built

1986

Lot size

2.09 AC

Property size (Sq ft)

20,000 SF

Zone code

HB

Property type

Office buildings

APN

135689 6157-02-608885-0000

APU

9223372036854775807

Description

This three-story, 30,000-square-foot Class B office building, located at 66 Middlebush Road in Wappingers Falls, NY 12590, offers a variety of suite sizes perfect for executive, medical, creative, or traditional office uses. The property boasts 2.09 acres of land and features 12 suites, with a minimum divisible space of 1,000 square feet and a maximum contiguous space of 20,000 square feet. Currently, 2,900 square feet of space is available. The building includes one elevator, ample parking, and is conveniently located on Route 9, at the highly visible intersection of Middlebush Road and Myers Corner Road (CR-93). The property benefits from oversized windows, an attractive lobby, municipal sewer, water, and gas services. Its Business Highway (BH) zoning makes it highly desirable. Commuters will appreciate its proximity to the Metro-North New Hamburg Station, just 2.5 miles away. This well-maintained building offers an excellent opportunity for businesses seeking a prominent location with easy access to major transportation routes.

• CAP approach

  CAP return

  Valuation

  6%

  $4,135,560

  6.5%

  $3,817,440

  7%

  $3,544,770

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,616,740

  Geo Method

  $2,613,200

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $7,536,370

  Retail / Commercial

  $3,860,560

  Mixed-Use / Specialty

  $3,843,600

  Hospitality / Lodging

  $2,815,770

  Institutional / Educational

  $3,994,660

  Residential Income

  $4,673,750

  Multifamily

  $5,623,140

  Automotive / Energy

  $3,423,990

  Parking / Income-Based Land

  $1,184,730

  Restaurant / Food Service

  $1,992,270

  Healthcare / Senior Housing

  $3,944,820

Location Insight

City

Wappingers Falls

County

Dutchess

State

New York

Latitude

41.5881

Longitude

-73.9087

CBSA code

39100

CBSA name

POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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