Route 9W Newburgh, NY 12550

Property Details for Route 9W

Year built

1981

Lot size

1.00 lot acres

Property size

3,280 SF

Property type

Retail properties

Description

This thriving diner on Route 9W in Newburgh, NY presents a unique investment opportunity. Boasting 3,280 square feet on a one-acre lot, this ADA-compliant building enjoys exceptional visibility with 17,000 cars passing daily. The spacious dining area comfortably seats 120 patrons, supported by ample parking for 70 vehicles. The property's strategic location offers significant advantages. It's just four miles from I-84, providing easy access for customers and employees. A substantial market exists within a seven-mile radius, encompassing over 150,000 residents with a median age of 36.8 years and an average household income exceeding $70,000. This demographic is further bolstered by proximity to two major employers: Dammerskan Energy and the NYC Department of Environment & Conservation, both within three miles. Two large housing developments, Parr Valley Condominiums and Orchard Hills Landing, containing over 500 condos, are located within two miles, ensuring a consistent customer base. The asking price is $649,000. For qualified buyers, the owner is open to financing options, including a 20-year note with a substantial down payment. This presents a rare chance to acquire a well-established business in a high-growth area with significant upside potential.