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368 E Main St

3,011 SF 100% Leased Retail Building Middletown, NY 10940 $1,200,000 ($399/SF)

Executive Summary

A fantastic opportunity to own a turnkey established business in the ever-growing medical corridor located in the Town of Wallkill. Brought down to the studs and lovingly rebuilt, this 3,000 + square foot quaint restaurant/coffee house has an amazing feel with hardwood floors throughout, exposed beams, reclaimed wood bar and cozy stone gas fireplace. With over 75 seating options including a dining hall, bar, loft and outdoor covered porch, this space is perfect for your lunch and dinner crowds as well as any small private events. With a fully renovated and owned commercial kitchen this space allows for a busy weekday lunch/dinner crowd as well as a very well-established brunch on the weekends. The building offers a fully equipped prep area in the walk out basement, newer walk-in's and plenty of dry storage. No expenses were spared when renovating including spray foam insulation, 4 individual Mini splits (kitchen and basement included) and a full HVAC system to handle the dining hall. The Beer and wine license are in place and the bar, which currently seats 12, could be expanded as well. The Restaurant also has a small retail section for the sale of their well known Irving Farm coffee, as well as the ability to handle both to-go orders and off sight catering giving multiple revenue streams to the savvy restaurant operator. A second-floor apartment offers a great space for an owner operator or can be leased out to offset the rent. With hardwood floors throughout, separate heat and electric this third-floor apartment offers a sperate entrance featuring a large living room, spacious bedroom, laundry and full bath. Come be part of the Middletown renaissance and make this well-established eatery your own. The real estate is being sold with the turnkey restaurant business.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,011 SF
Building Class
C
Year Built
1920
Price
$1,200,000
Price Per SF
$399
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.07
Land Acres
1.00 AC
Zoning
HC
Parking
32 Spaces (10.63 Spaces per 1,000 SF Leased)
Frontage
174 FT on Main St

Amenities

  • Air Conditioning
  • Balcony

Nearby Major Retailers

ConnectOne Bank
ShopRite
Chase Bank
HSBC
ALDI
Boston Market
Bank of America
Citizens Bank
Golden Corral
Rent-A-Center

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
335200-075-000-0004-002.000-0000
Land Assessment
$23,200
Improvements Assessment
$61,800
Total Assessment
$85,000
  • Listing ID: 31866223

  • Date on Market: 5/20/2024

  • Last Updated:

  • Address: 368 E Main St, Middletown, NY 10940

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