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185 Broadway Newburgh, NY 12550

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For Sale
$799,000

Fully renovated, leased mixed-use building with commercial space and apartments.

Lot size:
0.05 Acres

Property Features for 185 Broadway

General Information

Standard status
Active
Lot size
0.05 Acres

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Listing Contact
Hilary R. Goldman
Hilary R. Goldman
Source: Corcoran

Listing Agency: RAND COMMERCIAL Listing Agent: Hilary R. Goldman

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

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Overview

Turn-Key Investment Building For Sale

This mixed-use building, fully renovated in 2024 and fully leased, presents an investment opportunity. It features a street-level commercial space leased to a Fortune 2500 company, along with four residential units above. The building has undergone extensive renovations, including a new roof, floors, walls, ductless heat and air conditioning units, water heaters, bathrooms, kitchens, and windows. The property is connected to municipal water, sewer, and gas services. The ground floor space previously housed a laundromat and retains a 2" water line, making it suitable for businesses with high water usage such as a laundromat, hair or nail salon, restaurant, or spa. The location benefits from high visibility, with over 15,000 cars passing by daily. Located on the Broadway corridor in the City of Newburgh, the property is situated in an area undergoing economic development projects. A new hotel and spa adaptive reuse assemblage is planned a few blocks away. The city government is planning a deep port dock to accommodate large passenger cruise ships and utilize the nearby international airport. Highway access to two interstates and the MTA train station across the bridge facilitate commuting and visits.
Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

Location Insight

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  • Local Demand
City
Newburgh
County
Orange
State
New York
Longitude
-74.0153474
Latitude
41.5001067

FAQs

What type of property is this?
Mixed-use property - Fully renovated, leased mixed-use building with commercial space and apartments.
Where is this mixed-use 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.
What are key features of this property?
This property features: - 8. 5% CAP, turn-key investment property, fully leased.; - Fully renovated in 2024 with new roof, floors, walls, HVAC, water heaters, bathrooms, kitchens, and windows.; - Street level commercial space leased to a Fortune 2500 company.
More about this property
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