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66 Middlebush Rd
Wappingers Falls, NY 12590
Executive Square · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Prime Location: High visibility at a signalized intersection on the bustling US Route 9 corridor.
- Competitive Pricing: At $130 per sq. ft., it’s priced below market, ideal for value-add investors.
- Ample Parking: Elevator-serviced common areas and ample parking ensure tenant convenience.
- Flexible Space: 30,000 sq. ft. with 17 suites, offering opportunities for reconfiguration or condo conversion.
- Investment Potential: Perfect for REITs or investors looking to renovate or expand a medical office portfolio.
- High-Traffic Area: Located near major roads and schools, with excellent exposure to both vehicular and foot traffic.
EXECUTIVE SUMMARY
Medical Office Building for Sale:
Incredible opportunity for the right buyer to purchase and reimagine this medical or professional office building, strategically located on the southwest corner of a signalized major intersection, within the highly active Route 9 corridor in the Town of Wappinger between Route 9, Middlebush Road and Myers Corners Road. Executive Square is ideal for medical or dental professionals seeking co-occupancy with similar tenants, investment groups, or other businesses seeking a highly visible and flexible space. With competitive pricing at just under $4 million – less than $130 per square foot – and a variety of configurations and suite sizes across three floors, this property caters to a wide range of potential tenants or owners.
Executive Square features an elevator-serviced common lobby and hallways, as well as ample parking ensuring convenience and accessibility for all occupants. Its excellent visibility, coupled with impressive traffic counts, makes this a prime location for professionals looking to revitalize the space and benefit from high exposure in a thriving commercial area in town. Executive Square is strategically located near Wappinger Town Hall, less than 7.5 miles from the highly traveled Interstate 84 and 2.5 miles from the New Hamburg Metro North Train Station. The offices are also conveniently positioned near Wappinger Central School District schools – only 1/4 mile from Wappingers Junior High School and James S. Evan Elementary School, and 1 mile to Ketchem High School
This asset is especially well-suited for real estate investment trusts (REITs), offering significant upside potential. The buyer could benefit from renovating the existing medical offices and converting the building into condo-style suites or combining adjacent offices to meet additional square footage needs. These suites can be parceled out and sold to a variety of clients, such as medical and dental professionals, or added to a diverse portfolio of tenants including healthcare providers and other commercial enterprises.
Incredible opportunity for the right buyer to purchase and reimagine this medical or professional office building, strategically located on the southwest corner of a signalized major intersection, within the highly active Route 9 corridor in the Town of Wappinger between Route 9, Middlebush Road and Myers Corners Road. Executive Square is ideal for medical or dental professionals seeking co-occupancy with similar tenants, investment groups, or other businesses seeking a highly visible and flexible space. With competitive pricing at just under $4 million – less than $130 per square foot – and a variety of configurations and suite sizes across three floors, this property caters to a wide range of potential tenants or owners.
Executive Square features an elevator-serviced common lobby and hallways, as well as ample parking ensuring convenience and accessibility for all occupants. Its excellent visibility, coupled with impressive traffic counts, makes this a prime location for professionals looking to revitalize the space and benefit from high exposure in a thriving commercial area in town. Executive Square is strategically located near Wappinger Town Hall, less than 7.5 miles from the highly traveled Interstate 84 and 2.5 miles from the New Hamburg Metro North Train Station. The offices are also conveniently positioned near Wappinger Central School District schools – only 1/4 mile from Wappingers Junior High School and James S. Evan Elementary School, and 1 mile to Ketchem High School
This asset is especially well-suited for real estate investment trusts (REITs), offering significant upside potential. The buyer could benefit from renovating the existing medical offices and converting the building into condo-style suites or combining adjacent offices to meet additional square footage needs. These suites can be parceled out and sold to a variety of clients, such as medical and dental professionals, or added to a diverse portfolio of tenants including healthcare providers and other commercial enterprises.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
30,000 SF
Building Class
B
Year Built
1988
Price
$3,900,000
Price Per SF
$130
Percent Leased
77%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
10,000 SF
Slab To Slab
12’
Building FAR
0.33
Lot Size
2.09 AC
Zoning
HC
Parking
112 Spaces (3.73 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 135689-6157-02-608885-0000 | Improvements Assessment | $1,535,800 |
| Land Assessment | $1,000,000 | Total Assessment | $2,535,800 |
PROPERTY TAXES
Parcel Number
135689-6157-02-608885-0000
Land Assessment
$1,000,000
Improvements Assessment
$1,535,800
Total Assessment
$2,535,800
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