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    185 Broadway Newburgh, NY 12550

    For Sale
    $799,000

    Fully renovated, 4,640 sq ft retail & residential.

    Property size:
    4,640 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional investment opportunity presents a fully renovated, mixed-use building located at 185 Broadway, Newburgh, NY. Boasting a total of 4,640 square feet, the property offers a prime street-level commercial space perfectly complemented by four residential units above. Completed in 2024, the extensive renovations encompassed a new roof, flooring, walls, ductless heating and air conditioning systems, water heaters, bathrooms, kitchens, and windows. The building is currently fully rented, providing immediate cash flow and a stable investment. Municipal water, sewer, and gas services are readily available. The ground floor commercial space previously housed a laundromat, leaving behind a robust 2-inch water line—an ideal feature for businesses with high water usage needs, such as another laundromat, hair or nail salon, restaurant, or spa. The property sits on a 0.05-acre lot and enjoys exceptional visibility, with over 15,000 cars passing daily, ensuring high foot traffic and potential for strong tenant occupancy. This turn-key investment offers an attractive 8.5% capitalization rate, making it an ideal addition to any portfolio. The property is priced at $799,000.

    Property Features for 185 Broadway

    General Information

    Property type
    Retail properties
    Square Feet
    4,640 SF
    Lot Size
    2,178 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    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
    -74.0154
    Latitude
    41.50008

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    FAQs

    What type of property is this?
    Retail property - Fully renovated, 4,640 sq ft retail & residential.
    Where is this retail property located?
    The property is located at 185 Broadway Newburgh, NY.
    What is the asking price?
    The asking price for this property is $799,000.
    (845) 294-3100
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    185 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
    185 Broadway Newburgh, NY 12550
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