Flex Space with Workshop
New
For Sale
$295,000
171 1st Street, Newburgh, NY 12550
A freestanding shop combines an open work area, private office, loft storage, and off-street parking.
Property Size1,277 SF
Days on Market2
Property Features for 171 1st Street
General Information
Standard status
Active
Size
1,277 SF
Property subtype
Industrial - Flex - Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Power
200 amps
Voltage
240 V
Building Details
Building Size
1,277 SF
Year Built
2019
Units
1
Construction
brick and vinyl
Listing Agency:
SVN | Deegan-Collins Commercial Realty
Listed By:
Nate Kanney, CCIM
(845) 430-8314
Source:
Commercialcafe
Added: Oct 19
Last Checked: Oct 19 at 2:32PM
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 SVN | Deegan-Collins Commercial Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding flex property on a corner lot has an open, high-ceiling workshop, a second-level loft and storage area, a windowed private office, a half bath, and a utility sink. Two insulated overhead doors with openers serve the shop, with a separate front entrance and off-street parking at the rear. Brick and vinyl exterior materials sit on a concrete slab.
Electrical service is 200-amp, 120/240V, with multiple subpanels, dedicated 240V equipment circuits, and numerous dedicated 20-amp outlets throughout the shop. Wiring runs through commercial-grade conduit. Ductless mini-splits provide heating and cooling, supplemented by electric heat; the building also has an electric water heater, municipal water and sewer, and natural gas available at the site. LED lighting, ceiling fans, security cameras, and Wi-Fi are installed.
The property is in Newburgh’s East End Historic District, one block south of Broadway and near the Liberty Street corridor. The Hudson River waterfront is approximately half a mile east, while I-84 is approximately 2 miles away, I-87 at Exit 17 is approximately 3 miles away, and Stewart International Airport is approximately 6 miles west.
Electrical service is 200-amp, 120/240V, with multiple subpanels, dedicated 240V equipment circuits, and numerous dedicated 20-amp outlets throughout the shop. Wiring runs through commercial-grade conduit. Ductless mini-splits provide heating and cooling, supplemented by electric heat; the building also has an electric water heater, municipal water and sewer, and natural gas available at the site. LED lighting, ceiling fans, security cameras, and Wi-Fi are installed.
The property is in Newburgh’s East End Historic District, one block south of Broadway and near the Liberty Street corridor. The Hudson River waterfront is approximately half a mile east, while I-84 is approximately 2 miles away, I-87 at Exit 17 is approximately 3 miles away, and Stewart International Airport is approximately 6 miles west.
Key Highlights
- Freestanding corner‑lot workshop with open, high‑ceiling work area and second‑level loft storage
- Two insulated overhead doors with openers, separate front entrance, and rear off‑street parking
- 200‑amp, 120/240V electrical system with multiple subpanels and dedicated 240V equipment circuits
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,888
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,760
$297.8K
Cap Rate 7%
$212,686
$212.7K
Cap Rate 9%
$165,422
$165.4K
Market Conditions
NOI Build-Up for 1,277 SF
Gross rent
$24.1K $18.84/SF
− Vacancy
−$1.2K −$0.90/SF
EGI
$22.9K $17.94/SF
− OpEx
−$8.0K −$6.28/SF
NOI
$14.9K $11.66/SF
Area
Orange County, NY
Vacancy
4.80%
Lease Rate
$18.84 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,760
Cap Rate 7%
$212,686
Cap Rate 9%
$165,422
Alternative Uses
Best Use
Flex RnD
$212.7K
$186.1K – $248.1K
NOI $14,888 @ 7.0% cap · market cap 5.05%
Second Best
Industrial
$148.8K
$130.2K – $173.6K
NOI $10,417 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$432.5K
$378.4K – $504.6K
NOI $30,275 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,526
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12550, NY
55,869
Population
22,204
Households
2.5
Avg Household Size
37
Median Age
26%
College-Educated
86%
High-School Grad
34.7 sq mi
ZIP Area
1,610
Density / Sq Mi
$78,019
Median Household Income
$40,762
Median Earnings
$1,466
Median Rent
$297,400
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - A freestanding shop combines an open work area, private office, loft storage, and off-street parking.
Where is this flex space located?
The property is located at 171 1st Street Newburgh, NY.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Freestanding corner‑lot workshop with open, high‑ceiling work area and second‑level loft storage; Two insulated overhead doors with openers, separate front entrance, and rear off‑street parking; 200‑amp, 120/240V electrical system with multiple subpanels and dedicated 240V equipment circuits
