185 Broadway, Newburgh, NY 12550
185 Broadway, Newburgh, NY 12550
185 Broadway, Newburgh, NY 12550
185 Broadway, Newburgh, NY 12550
185 Broadway, Newburgh, NY 12550
185 Broadway, Newburgh, NY 12550
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Christopher DeKanchuk

Christopher DeKanchuk

+1(843) 817-5559
$ 799,000
Est. payment | /mo

2,339 Sqft Lot

Save
$ 799,000
Est. payment | /mo
Save

2,339 Sqft Lot

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 932333

Rental Info No

Annual Tax Amount $13,000

Lot Size 2,339 Sqft

Acres 0.0537

Property Sub-Type Retail

Source onekey2

Property Description

Incredible opportunity to add an 8.5% CAP, turn-key investment building into your portfolio. Fully renovated in 2024 and fully leased, this asset provides stability and peace of mind for both new and seasoned owners. The building consists of one street level commercial space currently leased to a strong Fortune 2500 company 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. The City of Newburgh and the Broadway corridor are going through many exciting economic development projects. A new hotel and spa adaptive reuse assemblage will begin just a few blocks away. City government is designing a deep port dock to welcome large passenger cruise ships into the city and use nearby international airport -- a real boost to the local city economy. The highway access to two interstates along with the MTA train station across the bridge create a draw for commuters and visitors alike.

Location

State NY

County Orange County

Interior

Heating Heat Pump, Natural Gas

Cooling Ductless

Fireplace No

Appliance Gas Water Heater

Exterior

Parking Features On Street

Utilities Available Electricity Connected, Natural Gas Available, Sewer Connected, Trash Collection Public, Water Connected

Building

Sewer Public Sewer

Water Public

Structure Type Brick

Others

Special Listing Condition None

OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS
Listed by Rand Commercial • Hilary R. Goldman

Nearby Locations

Christopher DeKanchuk

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(843) 817-5559

chris@chrissellsthecoasts.net

128 Millport Circle, Suite 200 Greenville, SC 29607, USA

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185 Broadway