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For SaleMixed UseMLS KEY1035967

28 Henry Street, Unit 22

Middletown, NY · Orange County
Listed by
Keller Williams Realty
Shown from OneKey MLS. McGrath Realty does not represent this property. We can arrange to show it to you and represent you in buying it.
Building
15,894 SF
Site
0.14 acres
Price / SF
$113
Zoning
DMU
Stories
4

The offering

**Exceptional Mixed-Use Investment & Redevelopment Asset in Downtown Middletown!** Tailored specifically for vision-driven developers, value-add real estate investors, and expanding commercial operators, this versatile multi-level property offers the rare combination of immediate cash flow and substantial long-term growth potential. The project pairs an established ground-floor restaurant tenant—delivering steady, in-place revenue from Day 1—with expansive multi-floor operational space including a main-level industrial production zone, a full basement, and dedicated lift access ideal for food manufacturing, warehousing, or light distribution. For residential developers, the clear value proposition lies overhead: convert the underutilized upper stories into high-demand residential units or urban lofts within a hungry rental market. Adjacent to a high-capacity municipal lot for effortless parking and loading, the building sits prime in Middletown’s Downtown Mixed-Use (DMU) Zone. Investors benefit from a highly business-supportive municipality featuring streamlined approval channels, local Industrial Development Agency (IDA) tax incentives, and active Business Improvement District (BID) support. A truly dynamic asset offering built-in income, operational scale, and premier development upside in Orange County. Qualified buyers are encouraged to reach out to arrange a private viewing and review complete property details. Note: This was the former home of Equilibrium Brewery they outgrew this location and moved to 2 South St, Middletown, NY.

Building & site

Interest conveyedFee simple
Gross building area15,894 SF
Building typeMixed Use
Property typeMixed Use
Stories4
Land area0.14 acres
Land area, SF6,273 SF
WaterPublic
SewerPublic Sewer
HeatNatural Gas
Tax parcel33090031-12-6
Drive-in / grade-level doors6
Electric utilityOrange & Rockland

Zoning & permitted uses

District
DMU

Permitted uses are governed by the Middletown zoning code and should be confirmed with the municipality. Ask a broker for the district summary.

Aerial imagery

The outline is this property's tax parcel from the county assessment roll, over current aerial imagery. Boundaries are indicative and are not a survey.

Location, access & trade area

Trade area
Measure
Middletown
Orange County
Population
30,289
411,767
Daytime population
27,638
392,941
Population density
6,041 / sq mi
507 / sq mi
Households
9,970
141,127
Median household income
$79,346
$95,298
Mean travel time to work
36 min
35 min
Median home value
$308,600
$426,900
Median gross rent
$1,661
$1,753
Unemployment (May 2026)
4.0%
Not stated
School districts
Middletown, Minisink Valley
ZIP codes
10940

Municipal and county figures from the US Census American Community Survey (2024 5-year) and the Bureau of Labor Statistics. These are jurisdiction totals, not radius rings; ask a broker for a drive-time or radius study on a specific site.

Taxes & assessment

2025 taxes$1,599
Assessed value$79,200
Land assessment$5,700
Full market value$842,600
Owner of record22 Henry Street, LLC
School districtMiddletown
Property class480 · Nbhd tavern

Assessment figures are taken from the municipal roll and should be independently verified. Annual tax bills are available on request.

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