50 Highland Ave
Middletown, NY 10940

This brownstone building, formerly a U.S. Armory, is just four (4) miles from I-84 and the crossroads of PA, NY, and New England, near NYS Routes 211, 17 and 17M in the City of Middletown, on the corner of Highland Avenue and John Street. It has a basketball court in the center first floor, oak carved lockers, radio broadcasting booths (formerly site of 1310 am - WALL radio), a few fireplaces, parking spaces in the full basement, and even a basement shooting range. An additional 12-18 space parking lot across the street is leased from the City. Other nearby parking available. The specific number of parking spaces required is determined by the use(s) under the zoning code, as required by the Planning Board. Real estate taxes are about $27,000 per year. It is a National Historic U.S. Armory (not official nor restricted) -- to be a School, Gym, Club, Community Center, Museum, TV or Radio Station Studios, Offices, etc. within allowed zoning uses or by use variance granted by the Zoning Board of Appeals. The zoning is C-2 and possible uses, subject to planning board approval, are: gym, basketball, health club, broadcasting station, playhouse, theater, museum, offices, catering, certain kinds of storage, school, residential apartments or condominiums, and more. This property is NOT listed on the national historical register or any other such status restricting its renovation or use. However, look into the in "The Federal Historic Preservation Tax Incentives Program." It needs total renovation to meet all current building and fire codes. The shell is what you are buying for a fraction of what it would cost to build the same today. Note 2005 survey attached to this listing for illustration purposes to show property boundaries and building size. There is currently 18,573 s.f. of "useable" or floor space, but that is becasue a lot the 2-story space in the arena is "open" and can be converted into two floors, adding also the basement area to make maybe 40,000 s.f. Property taxes are about $10,000 per year, but should be challenged and will eventually adjust when there is a city-wide reassessment. Price quoted is "AS IS." Lots of pictures of the exterior and interior available upon request, particularly if you read all the foregoing.