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40 Sunset Ridge Rd 8,753 SF 100% Leased Office Building New Paltz, NY 12561 $1,104,618 CAD ($126.20 CAD/SF)
INVESTMENT HIGHLIGHTS
- Excellent Location and Proximity to the Village
- Adjacent to the Millbrook Preserve
- Ample Parking
- Opportunity for owner/occupier who is looking for additional income
EXECUTIVE SUMMARY
This 8,753± NRSF, six-unit office building presents an exceptional opportunity for both owner-users and investors. With 48% current occupancy, the property generates income while allowing for additional lease-up potential. The flexible layout accommodates various professional o?ce uses, making it an attractive option for businesses seeking space in the growing New Paltz commercial corridor. Located just 1.5 miles from the Village of New Paltz, the property o?ers convenient access to local restaurants, shops, and services. It is situated 2 miles southwest of Duzine Elementary School, contributing to steady local business activity. Accessibility is a key advantage, with the New York State Thruway (I-87) just 2 miles away via Exit 18, ensuring seamless regional travel. Additionally, the property is within a 25-30 minute drive to both Kingston and Poughkeepsie, making it well-positioned for businesses seeking access to a broader customer and client base. The building features ample on-site parking and o?ers flexibility for a range of professional o?ce uses, including legal, medical, financial, and tech-based workspaces. It is particularly well-suited for an owner-occupier looking to o?set costs with rental income or an investor seeking a value-add opportunity in a high- demand market. With existing tenants already in place, this property provides a stable foundation with room for increased cash flow. For financials, rent roll details, and a private showing, contact us today.
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Property Subtype
Medical
Building Size
8,753 SF
Building Class
B
Year Built/Renovated
1970/2017
Price
$1,104,618 CAD
Price Per SF
$126.20 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,377 SF
Building FAR
0.07
Lot Size
3.00 AC
Zoning
R1 - 40 Sunset Ridge is located in the R-1 Zone of the town of New Paltz, and is adjacent to the Village of New Paltz.
Parking
61 Spaces (6.97 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 3889-078.020-0004-046.000-0000 | Improvements Assessment | $817,222 CAD |
| Land Assessment | $187,180 CAD | Total Assessment | $1,004,403 CAD |
PROPERTY TAXES
Parcel Number
3889-078.020-0004-046.000-0000
Land Assessment
$187,180 CAD
Improvements Assessment
$817,222 CAD
Total Assessment
$1,004,403 CAD
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40 Sunset Ridge Rd
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