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402 E Main St 3,676 SF 100% Leased Office Building Middletown, NY 10940 $799,000 ($217.36/SF)
EXECUTIVE SUMMARY
Sale-Leaseback. Excellent investment opportunity on this quality office building centrally located on the E Main St/Crystal Run corridor. 100% Occupied. Seller is seeking a Sale/Leaseback and to continue his law practice in the building. The first floor is occupied by an established law firm. Second floor is now fully leased to two new tenants. Tenant 1 pays $1,100 per month plus utilities and cleaning. Tenant 2 pays $1,400 per month plus utilities and cleaning. High profile location, well known, and highly traveled. Corner lot location with private parking lot located behind the building. Very good condition with zero deferred maintenance. Brand new A/C units, building just painted, parking lot re-done. Full basement currently utilized for file storage.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
3,676 SF
Building Class
B
Year Built/Renovated
1920/1985
Price
$799,000
Price Per SF
$217.36
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,838 SF
Building FAR
0.35
Lot Size
0.24 AC
Zoning
HC
Parking
16 Spaces (4.35 Spaces per 1,000 SF Leased)
1 1
PROPERTY TAXES
| Parcel Number | 335200-075-000-0007-001.200-0000 | Improvements Assessment | $69,800 |
| Land Assessment | $12,400 | Total Assessment | $82,200 |
PROPERTY TAXES
Parcel Number
335200-075-000-0007-001.200-0000
Land Assessment
$12,400
Improvements Assessment
$69,800
Total Assessment
$82,200
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402 E Main St
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