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    45 Grand St Newburgh, NY 12550

    Sponsored
    For Sale
    $1,750,000

    Historic Bank Building, Prime Location

    Property size:
    8,920 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    This exceptional 8,920 square foot office building presents a rare investment opportunity in Newburgh, NY's Liberty/Grand Street Heritage Corridor. Formerly a bank, this stunning property boasts soaring ceiling heights, elegant marble and granite interiors, and a wealth of character. The current layout includes 17 individual offices, a dedicated conference room, a convenient kitchen, and a second-floor balcony offering captivating street views. A full basement provides ample storage space. The building benefits from designated parking at the corner of Grand Street and Broadway, ensuring convenient access for staff and clients. Its prime location offers walkability to a variety of restaurants, City Hall, and SUNY Orange Community College, enhancing its appeal and potential for high occupancy. The property is currently configured for office use but could be adapted to suit a variety of commercial needs. The asking price is $1,750,000, and creative seller financing is available. This is an exceptional opportunity to acquire a landmark building in a thriving urban setting. The building's unique history and prime location make it an ideal investment for discerning buyers seeking a high-return property with significant potential for appreciation. Consider the possibilities this remarkable building offers.

    Property Features for 45 Grand St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    8,920 SF

    Building Details

    Year Built
    1932
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -74.0099
    Latitude
    41.50064

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    FAQs

    What type of property is this?
    Office Property / Space - Historic Bank Building, Prime Location
    Where is this office property / space located?
    The property is located at 45 Grand St Newburgh, NY.
    What is the asking price?
    The asking price for this property is $1,750,000.
    (516) 350-6364
    Request Owner's contact information
    45 Grand St 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
    45 Grand St Newburgh, NY 12550
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