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515-527 Route 22 12,000 SF 78% Leased Office Building Pawling, NY 12564 $3,429,338 CAD ($285.78 CAD/SF)
Investment Highlights
- Prime Investment Opportunity – Exceptional Value-Add Potential Rare opportunity to acquire a highly visible, income-producing commercial property
Executive Summary
Rare opportunity to acquire a highly visible, income-producing commercial property strategically positioned at one of the most prominent intersections along the primary north-south corridor serving Eastern Putnam and Dutchess Counties. This well-established asset features eight existing tenants generating current income, along with 2-3 potential vacancies that provide immediate upside through lease-up, owner occupancy, expansion, or repositioning.
The property’s flexible layout offers multiple avenues for increasing cash flow and long-term value. Investors can capitalize on below-market rents, lease vacant space at current market rates, or occupy a portion of the property while benefiting from income generated by the existing tenant base. The configuration also lends itself to a variety of professional, medical, retail, service, educational, or corporate uses.
Ideally located within walking distance of shopping, restaurants, schools, public transportation, and the Metro-North rail line, the property benefits from strong demographics, excellent accessibility, and a growing residential population, including several upscale residential communities nearby. High daily traffic counts, outstanding visibility, multiple points of ingress and egress, abundant parking, and strong frontage create exceptional exposure for tenants and owners alike.
Whether you are seeking a stable income-producing investment, a value-add opportunity with significant upside, or a strategic owner-user acquisition, this property offers flexibility, visibility, and growth potential in one of the Hudson Valley’s most desirable commercial corridors.
Property Facts
Amenities
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- 1st Floor
- 2,000 SF
- Office
- Full Build-Out
- Now
- 1st Floor
- 700 SF
- Office
- Full Build-Out
- Now
Prestigious Route 22 location in the heart of Pawling offering over 5,000 sq. ft. of premier office space with exceptional flexibility and presence. This three-level professional building features high-end finishes throughout, including a conference room, kitchen, private restrooms, and multiple executive offices, ideal for professional, medical, or corporate users. The property provides multiple points of access on all four sides, allowing for efficient flow, privacy, or potential multi-tenant configurations. A full basement offers valuable storage, and separate utilities support flexible occupancy scenarios. Set on a well-positioned parcel with yard space and excellent visibility along Route 22, the property also offers significant expansion potential, including an additional 2,700 sq. ft. available in an attached office building, creating a rare opportunity for growth or phased occupancy. Ideal for owner-users, expanding firms, or investors seeking a strategic, high-visibility location in a thriving commercial corridor. Ability to occupy and expand over time Potential to subdivide and create multiple income streams Strong visibility along a high-traffic commercial corridor Limited supply of flexible, expandable office campuses in this submarket
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 2,000 SF | Office | Full Build-Out | Now |
| 1st Floor | 700 SF | Office | Full Build-Out | Now |
| 1st Floor | 5,500 SF | Office | - | Jul 2026 |
1st Floor
| Size |
| 2,000 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size |
| 700 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size |
| 5,500 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Jul 2026 |
1st Floor
| Size | 5,500 SF |
| Space Use | Office |
| Build-Out | - |
| Available | Jul 2026 |
Prestigious Route 22 location in the heart of Pawling offering over 5,000 sq. ft. of premier office space with exceptional flexibility and presence. This three-level professional building features high-end finishes throughout, including a conference room, kitchen, private restrooms, and multiple executive offices, ideal for professional, medical, or corporate users. The property provides multiple points of access on all four sides, allowing for efficient flow, privacy, or potential multi-tenant configurations. A full basement offers valuable storage, and separate utilities support flexible occupancy scenarios. Set on a well-positioned parcel with yard space and excellent visibility along Route 22, the property also offers significant expansion potential, including an additional 2,700 sq. ft. available in an attached office building, creating a rare opportunity for growth or phased occupancy. Ideal for owner-users, expanding firms, or investors seeking a strategic, high-visibility location in a thriving commercial corridor. Ability to occupy and expand over time Potential to subdivide and create multiple income streams Strong visibility along a high-traffic commercial corridor Limited supply of flexible, expandable office campuses in this submarket
Property Taxes
| Parcel Number | 134001-7056-05-206939-0000 | Improvements Assessment | $320,831 CAD |
| Land Assessment | $80,295 CAD | Total Assessment | $401,126 CAD |
Property Taxes
Presented by
515-527 Route 22
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