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16 Crystal Run Xing
Middletown, NY 10941
High Traffic Mixed Use Property · Land For Sale · 2.40 AC

INVESTMENT HIGHLIGHTS

  • High traffic location

PROPERTY FACTS

Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Mixed Use
  • Hospitality
  • Bank
  • Convenience Store
  • Drugstore
  • Healthcare
  • Hold For Development
  • Hotel
  • Medical
  • Restaurant
  • Supermarket
Total Lot Size 2.40 AC
No. Stories 1
Zoning ORI

DESCRIPTION

Prime mixed use opportunity in Crystal Run Crossing, a high traffic 30 acre new development in Middletown, NY right off Route 17. The property currently consists of a fully operational free standing restaurant space with parking lot. The property will be delivered vacant with the existing structure. Great location for hotel development, restaurant space, retail space, health care, commercial office space, convenience store, pharmacy, bank, credit union and more! Crystal Run Crossing, located in Orange County just outside of Middletown, N.Y., is a 30 acre mixed use development with three national brand hotels (Hampton by Hilton, Microtel Inn & Suites by Wyndham and Marriott Courtyard); four restaurants (Outback Steakhouse, Chili's,D Lux Diner and TGI Friday's) along with Sunoco/Dunkin' Donuts. Other neighbors include Empire Blue Healthcare Systems, Merril Lynch, Orange County Urgent Care Systems, TEG Federal Credit Union, The Galleria Mall, Crystal Run Healthcare and more! The site is a true regional location at the intersection of I-84 and NYS Route 17/I-86 with its own on/off ramp directly onto NYS Route 17/I-86. On average, more than 100,000 vehicles pass this location every day. The site is in the commercial heart of Orange County and is surrounded by 3-million square feet of retail; 2-million square feet of office space. and 600,000 square feet of new hospital and medical facilities. The $1.2-billion Resorts World Catskill casino complex opened in February 2018 (only 26 miles north of Crystal Run Crossing off NY Route 17) and the $350-million Legoland Park New York will open only six miles south on NY Route 17 in 2020. With the recent addition of Sunoco/Dunkin' Donuts, Crystal Run Crossing has become the premier travel center for the interstate highway system running through Orange County in all directions. Orange County, for 15 years, has been the fastest growing region of New York State, and with its position adjacent to the NYC Metro area is projected to continue this strong growth for many years to come. All of the national hotel chains and national restaurant chains at this location have reported high sales volumes. This key location in the major growth market adjacent to the Metropolitan NYC market will only continue to increase in value. The out lot parcels being offered for ground lease provide a rare, high-value, long-term, investment opportunity. These parcels provide all of the key elements that are sought after by tenants and triple-net investors: exceptional Location, predictable long-term growth, and high performance co-tenancies. The high traffic counts, high sales volumes, direct visibility and access to the interstate highways, synergies between the national hotels and national restaurants and the predictable long term growth potential make Crystal Run Crossing among the most desired real estate locations in Orange County. Crystal Run Crossing is located within the Orange County Office/Research Industrial (ORI) district - The ORI zoning provides areas suitable for businesses, such as corporate headquarters, research and development facilities, medical and educational facilities, and institutional uses in a landscaped setting. A high quality of design is maintained within the district through the integration and consideration of natural resources and features with development, inclusion of open space, and landscaping and buffering from surrounding uses. The Crystal Run Crossing project further enjoys the benefits of grandfathered cluster approval; shared parking ratios; zero set back lot lines and reciprocal easement agreement, all of which helps the project function as an integrated entity. More information about Crystal Run Crossing Development can be found in the link below http://www.crystalruncrossing.com/

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
335200-078-000-0001-080.320-0000
Land Assessment
$49,000
Improvements Assessment
$277,500
Total Assessment
$326,500
  • Listing ID: 17631770

  • Date on Market: 11/4/2019

  • Last Updated:

  • Address: 16 Crystal Run Xing, Middletown, NY 10941

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