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    346 Broadway Newburgh, NY 12550

    Sponsored
    For Sale
    $899,000

    Restaurant, Salon, & Offices - High Traffic!

    Property size:
    6,264 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional commercial property at 346 Broadway, Newburgh, NY, presents a unique investment opportunity. Spanning 6,264 square feet on a 0.06-acre lot, the building boasts a highly successful, established restaurant on the ground floor, attracting significant foot traffic and providing a consistent revenue stream. The restaurant's popular Latin cuisine has cultivated a loyal local following, ensuring a built-in customer base. The second floor offers five versatile office spaces, perfect for a variety of professional uses, including startups, consultancies, or professional service businesses. These spaces are ready for immediate occupancy. Furthermore, a fully furnished salon occupies the top floor, complete with all necessary equipment for a barber, hair, or nail salon. This turnkey operation is immediately ready for a new owner to step in and continue the existing business or adapt it to their own vision. The strategic location in the heart of Newburgh ensures high visibility and accessibility, making this property an ideal investment for both established businesses and ambitious entrepreneurs seeking a thriving commercial space. The asking price is $899,000.

    Property Features for 346 Broadway

    General Information

    Property type
    Retail properties
    Square Feet
    6,264 SF
    Lot Size
    2,614 SF

    Building Details

    Year Built
    1940
    Property Profile Location Intelligence

    Current Use by Public Records

    El Salvadoreño Restaurant Salvadoran Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newburgh
    County
    Orange County
    State
    New York
    Longitude
    -74.02345
    Latitude
    41.50117

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    FAQs

    What type of property is this?
    Retail property - Restaurant, Salon, & Offices - High Traffic!
    Where is this retail property located?
    The property is located at 346 Broadway Newburgh, NY.
    What is the asking price?
    The asking price for this property is $899,000.
    (845) 565-0004
    Request Owner's contact information
    346 Broadway Newburgh, NY 12550
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    Newburgh, NY 12550
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    346 Broadway Newburgh, NY 12550
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