1663 Route 300 - Freestanding FOR SALE


Newburgh, NY 12550
$2,500,000 USD
845-420-3561
1663 Route 300, Newburgh, NY for Sale
$2,500,000 USD
Freestanding - FOR SALE
1/14
null | Request Cap Rate

1663 Route 300
Newburgh, NY 12550


HIGHLIGHTS

  • 1663 NYS Route 300 is a premier investment opportunity, prominently located on a 1-acre lot at the intersection of NYS Route 300 and NYS Route 32.
  • Well-maintained 4,160-square-foot building featuring a successful 60-seat Italian restaurant and two income-generating residential apartments.
  • Benefit from ample surface parking for over 40 vehicles with easy access to major highways, including the New York State Thruway and Route 84.
  • High-traffic location surrounded by nearly 74,000 residents within 5 miles, representing an average household income of over $103,750 annually.
  • Neighboring businesses, including Sunoco and Dunkin', enhance exposure and benefit from high visibility to over 25,000 daily passing vehicles.
  • Conveniently located near Chadwick Lake Park, Resorts World Casino, New York Stewart International Airport, and Metro-North's Beacon station.

OVERVIEW

1663 NYS Route 300 in Newburgh, New York, is a 4,160-square-foot commercial building currently home to a successful 60-seat Italian restaurant. With high visibility to more than 25,000 cars passing by daily, the property is an excellent investment opportunity on a prime 1-acre corner lot at the signalized intersection of NYS Route 300 and NYS Route 32. Two residential apartments are also included in the building, providing additional income potential. The exceptionally maintained property offers ample surface parking and an efficient floor plan that includes a large dining area, commercial kitchen, office space, storage areas, and bathrooms. There's also ample surface parking for over 40 vehicles. Nearly 74,000 residents live within a 5-mile radius, representing an average household income that exceeds $103,750 annually. Conveniently located near key services and attractions, including Chadwick Lake Park, Resorts World Casino, and New York Stewart International Airport, 1663 NYS Route 300 offers easy access to major roads like the New York State Thruway and Route 84, as well as Metro-North Railroad's Beacon train station, which is just 6.9 miles away. Neighboring businesses include a Sunoco station and Dunkin', further enhancing the site's visibility and accessibility. This is a prime location for continued business success or a variety of commercial uses.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$601 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

B

APN/PARCEL ID

334600-014-000-0001-046.221-0000

ASK ABOUT THIS PROPERTY

Lyra BlumenthalRE/MAX Benchmark Realty GroupMore Info
845-420-3561

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Lyra BlumenthalRE/MAX Benchmark Realty GroupMore Info
845-420-3561

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.