66 Middlebush Rd - Medical FOR SALE


Wappingers Falls, NY 12590
$3,900,000 USD
845-489-5079
66 Middlebush Rd, Wappingers Falls, NY for Sale
$3,900,000 USD
Medical - FOR SALE
1/14
null | Request Cap Rate

66 Middlebush Rd
Wappingers Falls, NY 12590


HIGHLIGHTS

  • Prime Location: High visibility at a signalized intersection on the bustling US Route 9 corridor.
  • Flexible Space: 30,000 sq. ft. with 17 suites, offering opportunities for reconfiguration or condo conversion.
  • Competitive Pricing: At $130 per sq. ft., it’s priced below market, ideal for value-add investors.
  • Investment Potential: Perfect for REITs or investors looking to renovate or expand a medical office portfolio.
  • Ample Parking: Elevator-serviced common areas and ample parking ensure tenant convenience.
  • High-Traffic Area: Located near major roads and schools, with excellent exposure to both vehicular and foot traffic.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$130 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Executive Square

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

112

LAND DETAILS

LAND ACRES

2.09 AC

LAND SF

91,040 SF

ZONING

HC

APN/PARCEL ID

135689-6157-02-608885-0000

ASK ABOUT THIS PROPERTY

Robert BuyakowskiRBR Real Estate SolutionsMore Info
845-489-5079

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Robert BuyakowskiRBR Real Estate SolutionsMore Info
845-489-5079

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.