Remarks

Prime commercial/retail development opportunity in the heart of Orange County—33 Trust Way, Middletown, NY—currentlyhome to the well-established Orange Bank & Trust Company. The bank will be relocating in the area and will lease back for $10k/month NNN on a month to month basis until their new branch is ready for occupancy, allowing for immediate income while in the development phase. This exceptional two-parcel bundle offers unparalleled visibility and accessibility in a thriving business district in the Town of Wallkill, Town Center (TC) Zone (see zoning in Documents). The first parcel, where the bank is operating (SBL 50-2-59), boasts approximately 364 feet of road frontage on Schutt Rd., 321 feet on Trust Way, and 306 feet on Dunning Rd consisting of 2.7 acres, providing excellent exposure for businesses. The adjacent 1.8-acre vacant commercial lot (SBL 50-2-60) further enhances development potential, featuring 203 feet of frontage on Trust Way and 234 feet on Schutt Rd. Ideally positioned near major highways, shopping centers, and medical facilities, this property is perfectly suited for professional offices, retail establishments, restaurants or medical facilities, offering modern amenities designed for efficiency and comfort. A proposed engineer conceptual plan idea is also attached. Please note that a 10-year banking institution restriction applies. This is a rare chance to secure a premier commercial asset in a high-traffic, high-growth area—don’t miss out on this outstanding investment opportunity!

Details

MLS#: 825681
Price: $2,500,000

Style: Retail
Sq Ft: 4857

County: Orange County
Tax Fee: 65577.5