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Property profile & analytics

117 Washington Ter, Unit 129 Newburgh, NY 12550-5149

  • Turn key restaurants
  • 3,667 SF
  • 0.40 lot acres
OFF-MARKET
Last Sale
Jan 12, 2022
$320,000
Value Estimations
$415,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US63-3775774
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Turn key restaurants

Property Details for 117 Washington Ter

Year built
1957
Lot size
0.40 lot acres
Property size
3,667 SF
Zone code
CD
Property type
Turn key restaurants
APN
331100 33-3-5.2
APU
33110033352

Description

This exceptional Newburgh, NY commercial property presents a unique investment opportunity. Located at 117 Washington Ter, this property boasts a substantial 3,667 square feet of space, currently configured as two separate units, but with the potential for future division into independent entities. The asking price is $685,000. A significant advantage is the availability of over 90 parking spaces, providing ample accommodation for customers and employees. The property's "Other" classification suggests versatility in its potential uses, making it suitable for a wide range of businesses. The building's layout and configuration offer flexibility for various business models, allowing for customization to meet specific operational needs. Its prime location in Newburgh ensures high visibility and accessibility, contributing to its overall appeal as a commercial investment. The property is also currently listed for rent under a separate MLS listing (MLS #811852), offering additional income potential. This presents a compelling opportunity for investors seeking a multi-faceted commercial property with significant upside. The property's size, parking capacity, and location combine to create a strong foundation for a successful business venture. Serious inquiries are encouraged to explore the full potential of this remarkable property.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $400,000
    ML approach
    $380,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $458,000
    Market price range: $266k - $1.00M

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Newburgh
County
Orange
State
New York
Longitude
-74.0326
Latitude
41.5012
CBSA code
39100
CBSA name
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2021
$0.00
$172,100
$174,900
$347,000
-
$172,100
$174,900
$347,000
More about this property
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