Newburgh, NY 12550,Address not disclosed
Newburgh, NY 12550,Address not disclosed
Newburgh, NY 12550,Address not disclosed
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$825,000
Est. payment /mo
2,339 Sqft Lot
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Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID H6322675

HOA Y/N No

Rental Info No

Annual Tax Amount $9,890

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 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. Commercial space has a strong, new national tenant. 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.

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

Building

Sewer Public Sewer

Water Public

Schools

High Schools Newburgh

School District Newburgh

Others

Special Listing Condition None


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Listed by Rand Commercial
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The mission of the ASA Real Estate Group is to provide a lifelong, positive impact on our clients, our communities, our team, as well as the other realtors with which we work. We specialize in assisting Buyers and Sellers transact. With our extensive knowledge of the market we help our clients get the best possible price for their home through proactive marketing approach. We guide sellers and buyers through every step of the process and keep them updated their transaction.

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