#United States #Wallkill #Industrial Property #Hilco Real Estate

Industrial Facility in Wallkill Offers Unique Investment Opportunity

The real estate market is buzzing with excitement as Hilco Real Estate, LLC has announced the upcoming Chapter 11 bankruptcy sale of a sizable industrial facility located in Wallkill, New York. Spanning over 77,176± square feet, this property presents a compelling opportunity for both owner-users and investors looking to expand within the vibrant Hudson Valley area.

Key Features of the Property

This industrial site sits on an 11.3± acre lot and is advantageously located at 53 Smith Road, just a stone's throw from Interstate 84 and New York Route 17. The property boasts easy access to the metropolitan and urban hubs, which is a significant draw for any industrial business.

The facility itself, initially established in 1986, includes:

• - A spacious main warehouse featuring ceiling heights ranging from 15 to 24 feet.
• - Five dock-high loading doors with levelers and additional motorized overhead doors for seamless loading and unloading operations.
• - Adequate parking with 42 paved spaces for employees and visitors.

With electric capabilities that include 8,000 amp three-phase service, the site is well-equipped to support various manufacturing processes, making it attractive for power-intensive industries.

Room for Growth

Another attractive aspect of the property is the potential for expansion. The site is zoned ENT-L, allowing for the existing building to be expanded up to approximately 120,000± square feet. This aspect presents an excellent chance for long-term growth without the need to relocate, ideal for businesses aiming to expand their operations while maintaining a presence in a desirable location.

Strategic Location in a Growing Corridor

Situated within the Wallkill Reinvestment Corridor, this facility is at the heart of an area undergoing significant redevelopment. This strategic initiative aims to attract businesses and retain jobs by repurposing existing facilities, thus creating a collaborative environment fostering economic activity.

Proximity to major transportation routes enhances the appeal, enabling businesses to operate efficiently and connect with vital markets. The anticipated Metro-North connection and nearness to the Galleria at Crystal Run further add to the vibrancy of the locale.

According to the Hudson Valley Market Report by Standard Brokerage Company, the counties of Orange and Dutchess are crucial players in the Northeast's logistics and light manufacturing scene. This facility offers users the opportunity to capitalize on their proximity to New York City, which is known for being a high-demand and supply-constrained market.

How to Seize This Opportunity

The current bidding process invites potential buyers to submit their stalking horse bids by November 13 at 3:00 PM ET. Interested parties must submit their letters of intent to the designated brokers, Jonathan Cuticelli and Ben Zaslav. This managed process ensures transparency and fair competition among prospective bidders.

With industrial properties of this caliber rarely becoming available, now is the time for investors to act. As Jonathan Cuticelli emphasizes, “Industrial buildings with this much power and room to expand rarely come to market this close to New York City.” This unique property not only meets current demands but also positions an investor for future growth and success.

For further inquiries and to schedule site inspections, interested parties can reach out to Cuticelli and Zaslav directly. Access to terms of sale and additional due diligence resources can be found on the Hilco Global Real Estate Sales website. Don't miss your chance to be a part of Wallkill's evolving industrial landscape! This sale presents a rare opportunity to invest in a flexible, well-located facility that holds significant potential for income generation and growth.