$ 799,000
185 Broadway Newburgh, NY 12550
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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
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
$ 799,000
Est. payment /mo
Active
185 Broadway Newburgh, NY 12550
UPDATED:
08/12/2024 03:12 PM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID H6322675
Originating Board onekey
Rental Info No
Annual Tax Amount $9,890
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. 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
Zoning BC
Interior
Heating Natural Gas, Heat Pump
Cooling Ductless
Fireplace No
Building
Sewer Public Sewer
Water Public
Schools
School District Newburgh
Others
Special Listing Condition None
Listed by Rand Commercial • 845-2943100