Executive Sq - Medical/Prof Bldg, US Rt 9 & Middlebush Rd
Highly Visible on Rte 9 Signalized Corner Medical Office Bldg - Dutchess - Solid Tenancy w/ upside
Marketing description
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.
Investment highlights
Investment 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.
Close to Key Transport: Less than 7.5 miles from I-84 and 2.5 miles from the Metro North Train Station.
Proximity to Key Amenities: Situated near Wappinger Town Hall and local schools, offering easy access for clients and professionals.
General Details:
- Asking price: $3.9 million
- Address: 66 Middlebush Road, Wappinger, New York
- Building size: 30,000 square feet
- Zoning: Highway Business (HB)
- Land Use Class: Professional Medical Office Building
- Lot dimensions: approximately 375 x 250
- Lot size: 2.1 Acres
- Year Built: 1985
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