185 Broadway - Storefront Retail/Residential FOR SALE


Newburgh, NY 12550
$799,000 USD
845-294-7227
185 Broadway, Newburgh, NY for Sale
$799,000 USD
Storefront Retail/Residential - FOR SALE
1/33
null | 8.52% Cap Rate

185 Broadway
Newburgh, NY 12550


HIGHLIGHTS

  • Close to airport
  • Bus Stop at the door
  • Ferry and Train nearby
  • High traffic count of over 15000 cars/day
  • Fully Renovated
  • Fully Leased

OVERVIEW

Incredible opportunity to add an 8.5% CAP, turn-key investment building into your portfolio. Fully renovated in 2024 and fully rented, this asset provides stability and peace of mind for both new and seasoned owners. The building consists of one street level commercial space plus 4 residential units above. The building went through extensive renovations since purchase -- New roof, floors, walls, ductless heat and air conditioning units, water heaters, bathrooms, kitchens, windows, etc. Municipal water/sewer/gas. At one time the ground floor space had a laundromat so there is a 2" water line still available in this space. Would make a great location for high water usage tenant like another laundromat, hair or nail salon, restaurant, spa, etc... High visibility for retail tenants with over 15000 cars per day is a boost for business.

FOR SALE DETAILS

PRICE

$799,000 USD

PRICE/SF

$367 USD /SF

CAP RATE

8.52%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

BC

APN/PARCEL ID

331100-036-000-0001-002.000-0000

ASK ABOUT THIS PROPERTY

Hilary Ryan GoldmanRand CommercialMore Info
845-294-7227

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Hilary Ryan GoldmanRand CommercialMore Info
845-294-7227

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