Log In/Sign Up
Your email has been sent.
40 Sunset Ridge Rd 8,753 SF 100% Leased Office Building New Paltz, NY 12561 $799,000 ($91.28/SF)
INVESTMENT HIGHLIGHTS
- Excellent Location and Proximity to the Village
- Adjacent to the Millbrook Preserve
- Ample Parking
- Opportunity for owner/occupier who is looking for additional income
EXECUTIVE SUMMARY
This 8,753± NRSF, six-unit office building presents an exceptional opportunity for both owner-users and investors. With 48% current occupancy, the property generates income while allowing for additional lease-up potential. The flexible layout accommodates various professional o?ce uses, making it an attractive option for businesses seeking space in the growing New Paltz commercial corridor. Located just 1.5 miles from the Village of New Paltz, the property o?ers convenient access to local restaurants, shops, and services. It is situated 2 miles southwest of Duzine Elementary School, contributing to steady local business activity. Accessibility is a key advantage, with the New York State Thruway (I-87) just 2 miles away via Exit 18, ensuring seamless regional travel. Additionally, the property is within a 25-30 minute drive to both Kingston and Poughkeepsie, making it well-positioned for businesses seeking access to a broader customer and client base. The building features ample on-site parking and o?ers flexibility for a range of professional o?ce uses, including legal, medical, financial, and tech-based workspaces. It is particularly well-suited for an owner-occupier looking to o?set costs with rental income or an investor seeking a value-add opportunity in a high- demand market. With existing tenants already in place, this property provides a stable foundation with room for increased cash flow. For financials, rent roll details, and a private showing, contact us today.
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Property Subtype
Medical
Building Size
8,753 SF
Building Class
B
Year Built/Renovated
1970/2017
Price
$799,000
Price Per SF
$91.28
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,377 SF
Building FAR
0.07
Lot Size
3.00 AC
Zoning
R1 - 40 Sunset Ridge is located in the R-1 Zone of the town of New Paltz, and is adjacent to the Village of New Paltz.
Parking
61 Spaces (6.97 Spaces per 1,000 SF Leased)
1 1
PROPERTY TAXES
| Parcel Number | 3889-078.020-0004-046.000-0000 | Improvements Assessment | $579,800 |
| Land Assessment | $132,800 | Total Assessment | $712,600 |
PROPERTY TAXES
Parcel Number
3889-078.020-0004-046.000-0000
Land Assessment
$132,800
Improvements Assessment
$579,800
Total Assessment
$712,600
1 of 50
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
40 Sunset Ridge Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.