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    Retail Building on Windsor Highway Title is generated by Realmo AI

    393 Windsor Highway, New Windsor, NY 12553

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    For Sale
    $1,995,000

    11,180 SF retail building with drive-up windows for sale.

    Type:Commercial
    Property size:
    11,180 SF
    Lot size:
    1.90 Acres
    Price / SF:
    $178/SF
    Added:
    Mar 1, 2024
    Days on Market:
    835
    Last Refresh:
    Apr 5 at 8:26 pm

    Property Features for 393 Windsor Highway

    General Information

    Standard status
    Active
    Size
    11,180 SF
    Lot size
    1.90 Acres
    Property subtype
    Commercial

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    Listing Contact
    ROBERT A VITANZA
    ROBERT A VITANZA

    Listing agent ROBERT A VITANZA

    Listing office RAND COMMERCIAL

    Listing date Mar 1, 2024

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of RAND COMMERCIAL

    HighLights

    • Exceptional retail location with 240 feet of frontage on Windsor Highway.
    • High‑traffic area adjacent to major retailers including Shoprite, Mavis Tire, and multiple banks.
    • 11,180 sq ft retail building with two drive‑up windows.
    • 65 paved parking spaces.
    • Includes 1,500 feet of shelving and 50 feet of reach‑in/walk‑in cooler space (optional removal).
    • Three‑phase electric and sprinkler system.

    Overview

    This 11,180 square foot retail building is situated on 1.9 acres and features two drive-up windows. The property has 240 feet of frontage along Windsor Highway. The building includes a large, open retail area, a rear storage area, a utility room, a loading area, a manager's office, and two private bathrooms. It is equipped with three-phase electric and a sprinkler system, and it has 12-foot dropped ceilings. There are 65 paved parking spaces available. The property includes 1,500 feet of shelving and 50 feet of reach-in/walk-in cooler space, which can be removed. Adjacent retailers include Shoprite, Mavis Tire, Bank of America, Key Bank, Citizens Bank, Price Chopper, Tractor Supply, Dunkin Donuts, Starbucks, and Wendy's. The property is located in New Windsor, NY.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $201.2k $18.00
    − Vacancy −$6.8k −$0.61
    EGI $194.4k $17.39
    − OpEx −$58.3k −$5.22
    NOI $136.1k $12.17
    11,180 SF · lease $18.00/SF/yr · vacancy 3.40% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $1.94M
    $1.70M – $2.27M (±1% cap)
    NOI $136,078 @ 7.0% cap · market cap 6.82%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $3.79M
    $3.31M – $4.42M (±1% cap)
    NOI $265,057 @ 7.0% cap · market cap 13.29%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rite Aid Pharmacy Pharmacy Sokunthea Tang Pharmacy Irina Simkhovich Pharmacy Rita Dave Pharmacy TD Bank ATM Atm

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    New Windsor
    County
    Orange
    State
    New York
    Longitude
    -74.055
    Latitude
    41.4569

    FAQs

    What type of property is this?
    Retail space - 11,180 SF retail building with drive-up windows for sale.
    Where is this retail space located?
    The property is located at 393 Windsor Highway New Windsor, NY.
    What is the asking price?
    The asking price for this property is $1,995,000.
    What are key features of this property?
    This property features: Exceptional retail location with 240 feet of frontage on Windsor Highway.; High‑traffic area adjacent to major retailers including Shoprite, Mavis Tire, and multiple banks.; **11,180 sq ft retail building with two drive‑up windows.**
    More about this property
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