185 Broadway
Newburgh (City),
NY
12550
- Commercial
- Retail
- ML# H6322675
Property Details
Overview
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.
Key Facts
- •Lot Size: 0.0537
- •Taxes: $9,890
- •Sale or Rent: Sale
- •School District: Newburgh
- •Parking Spaces: Yes
- •Parking Facilities: On Street
- •Heat: Heat Pump, Natural Gas
- •A/C: Ductless
- •Water: Public
- •Sewer: Public Sewer
Listing Information provided courtesy of
Rand Commercial
845-294-3100
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