NY > Newburgh
Newburgh, NY 12550,185 Broadway
Newburgh, NY 12550,185 Broadway
Newburgh, NY 12550,185 Broadway
23
See all 23 photos
$799,000
Est. payment /mo
Save
2,339 Sqft Lot
Active

185 Broadway Newburgh, NY 12550

Save
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Wed
26
Nov
Thu
27
Nov
Fri
28
Nov
Omar Harper

Omar Harper

+1(845) 209-0133

UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

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

Listed by Rand Commercial • Hilary R. Goldman

GET MORE INFORMATION

Omar Harper

Omar Harper

Broker Associate

+1(845) 209-0133

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Team H.A.R.T. at Epique Realty, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

185 Broadway

Search For Homes