N/A, Newburgh, NY

$799,000

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4,640

Square feet

0.05

Acres

About N/A

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.

Features of N/A

MLS® # H6322675
Price $799,000
Bathrooms 0.00
Square Footage 4,640
Acres 0.05
Taxes $9,890
Type Commercial Sale
Sub-Type Retail
Status Active

Community Information

Address N/A
City Newburgh
County Orange County
State NY
Zip Code 12550
Adult 55+ Community No

Amenities

Parking On Street
Is Waterfront No
Has Pool No

Interior

Appliances Gas Water Heater
Heating Heat Pump, Natural Gas
Cooling Ductless
Has Basement No
Fireplace No

School Information

District Newburgh

Additional Information

Date Listed August 12th, 2024
Days on Market 155
Zoning BC
Short Sale No
RE / Bank Owned No

Listing Details

OfficeRand Commercial

Listing Map

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