Rare downtown Middletown redevelopment opportunity consisting of two contiguous parcels located at 9-11 and 13-25 Railroad Avenue. The combined offering includes approximately 1.67 acres, an existing 29,024-square-foot commercial building and approximately 371.61 feet of frontage along Railroad Avenue.

The generally level site is served by municipal water, sewer and gas and is located in Flood Zone X. Its Downtown Mixed Use zoning provides potential for mixed-use, multifamily, commercial, entertainment, owner-user or adaptive-reuse development, subject to municipal review and approvals. The zoning may support development of up to six stories within applicable height and design requirements, subject to confirmation by the City of Middletown.

The property includes substantial existing parking, two contiguous tax lots and an existing commercial improvement that may provide interim utility while redevelopment plans and approvals are pursued. Its size, frontage, utilities and downtown location provide flexibility for phased development, site circulation and future parking requirements.

The property is conveniently located near downtown businesses, the Short Line commuter terminal and the planned Heritage Trail connection along Railroad Avenue. The nearby transportation infrastructure provides convenient access to regional destinations and New York City.

The offering is being marketed primarily for its land, location, zoning and long-term redevelopment potential. The operating bowling business is not included in the public offering. Additional property information and due-diligence documents are available to qualified prospective purchasers upon request.

For sale directly by the property owner. All measurements, zoning provisions, permitted uses and development concepts must be independently verified by prospective purchasers.

Asking price: $3,300,000. The property is not being marketed based on current operating income or an advertised cap rate. Value is based primarily on the combined site, downtown location, zoning and redevelopment potential. Additional property and due-diligence information is available from the owner upon request.