Devi Rameshwar
Licensed Salesperson
REALTOR®
MLS#1067444
STATUSActive
PROPERTY TYPECommercial - Office
SCHOOLMiddletown
Property Description
Single-tenant dental office investment at the corner of Albert Street and Wickham Avenue in Middletown. Great investment opportunity, own the RE and let the tenant pay down your investment. This freestanding, approximately 2,884 SF building occupies a 0.275-acre lot with dedicated on-site parking. Mondovi Dental, has occupied the property since 2016. The gross lease runs through August 31, 2029, with approximately 2% annual rent increases and two additional three-year renewal options. At $499,000, the offering reflects a projected 8.11% cap rate based on $40,474 pro-forma NOI, including estimated expenses. Real estate only: the dental practice, equipment and goodwill are excluded as they belong to the teant, and the tenant remains in place. Building area is per public records; buyers should verify measurements, lease terms and financials.
Property Features
Property Type: Commercial - Office
Basement: Yes
Basement: Crawl Space, Full, Storage Space, Unfinished
Cooling: Central Air, Ductwork, Wall/Window Unit(s), Zoned
Heating: Forced Air
Lot Size: 0.28 Acres
Taxes: $12,009
Year Built: 1900
Feature Descriptions
Building Area Total: 2884
Business Type: Medical
Days on Site: 2
Electric: 200+ Amp Service
Exclusions: Dental practice, patient records, equipment, trade fixtures and goodwill.
Exterior: Frame
On Market Date: 2026-11-03
Parcel Number: 330900-027-000-0006-028.200-0000
Parking Features: Parking Lot
Rental Term: Monthly
Sewer: Public Sewer
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Private, Water Connected
Water: Public
Local Schools
School District: Middletown
Listed By / Shown By
Listing By
Agency Name: Keller Williams Realty
Agency Contact: 845-928-8000
Shown By
Agent Name: Devi Rameshwar
Agent Phone: Cell: (347) 319-2792
Agency Title: Coldwell Banker American Homes
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2-4 Albert Street | MLS# 1067444
This commercial property located at 2-4 Albert Street, Middletown, NY 10940 is currently listed for sale with an asking price of $499,000. 2-4 Albert Street is located within the Middletown school district. Search Middletown real estate on devirameshwar.cbamhomes.com today.