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Mixed-Use Building with Retail Space

2435 S State Route 32, New Windsor, NY 12553

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For Sale

$895,000

Two-story building with retail, office, warehouse, and manufacturing space.

Type:Industrial

Property size:

5,592 SF

Lot size:

0.55 Acres

Price / SF:

$160/SF

We can help!

Contact an agent

William W Smith

HighLights

Versatile space suitable for retail, office, showroom, warehouse, storage, and light manufacturing.
Features 3,960 sq. ft. of retail/office space and 5,592 sq. ft. of warehouse/storage space.
Includes three overhead doors and one loading dock for loading convenience.
High ceilings ranging from 8 to 15 feet.
Connected to municipal water and sewer.
Established building built in 1960.

For Sale

$895,000

Two-story building with retail, office, warehouse, and manufacturing space.

Type:Industrial

Property size:

5,592 SF

Lot size:

0.55 Acres

Price / SF:

$160/SF

Added:: Mar 12, 2026
Days on Market:: 117
Last Refresh:: Jul 2 at 12:19 pm

Property Features for 2435 S State Route 32

General Information

Standard status: Active
Size: 5,592 SF
Lot size: 0.55 Acres
Property subtype: Industrial

Building Details

Year Built: 1960

We can help!

Contact an agent

William W Smith

Listing office RAND COMMERCIAL

Listing date Mar 12, 2026

Source Elliman

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

Versatile space suitable for retail, office, showroom, warehouse, storage, and light manufacturing.
Features 3,960 sq. ft. of retail/office space and 5,592 sq. ft. of warehouse/storage space.
Includes three overhead doors and one loading dock for loading convenience.
High ceilings ranging from 8 to 15 feet.
Connected to municipal water and sewer.
Established building built in 1960.

Overview

This two-story block building features a combination of retail, office, warehouse, and manufacturing space. The first floor offers 3,960 square feet suitable for retail, office, or showroom purposes, and is equipped with an oil-fired HVAC system and municipal water and sewer connections. The lower floor provides 5,592 square feet of warehouse, storage, and light manufacturing space, with ceiling heights ranging from 8 to 15 feet. Access is facilitated by three overhead doors and one loading dock. The property is located in an area suitable for retail, storage, warehouse, and light manufacturing businesses, such as flooring, carpet, lighting, plumbing supply, or wholesale electric supply companies, and contractors. The building is located in New Windsor, NY.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$100.7k	$18.00
− Vacancy	−$3.4k	−$0.61
EGI	$97.2k	$17.39
− OpEx	−$29.2k	−$5.22
NOI	$68.1k	$12.17

5,592 SF · lease $18.00/SF/yr · vacancy 3.40% · expense 30.00%

Alternative Uses

Best Use

Retail

$972.3K

$850.8K – $1.13M (±1% cap)

NOI $68,064 @ 7.0% cap · market cap 7.60%

Second Best

Warehouse

$791.3K

$692.4K – $923.2K (±1% cap)

NOI $55,390 @ 7.0% cap · market cap 6.19%

Theoretical Best

Office A

$1.89M

$1.66M – $2.21M (±1% cap)

NOI $132,576 @ 7.0% cap · market cap 14.81%

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

Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Location Insight

Map
Local Demand

City: New Windsor
County: Orange
State: New York
Longitude: -74.058
Latitude: 41.4499

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For sale
Mixed-use properties
NY
New Windsor
12553
2435 S State Route 32

What type of property is this?

Mixed-use property - Two-story building with retail, office, warehouse, and manufacturing space.

Where is this mixed-use property located?

The property is located at 2435 S State Route 32 New Windsor, NY.

What is the asking price?

The asking price for this property is $895,000.

What are key features of this property?

This property features: Versatile space suitable for retail, office, showroom, warehouse, storage, and light manufacturing.; Features **3,960 sq. ft. of retail/office space** and **5,592 sq. ft. of warehouse/storage space.**; Includes **three overhead doors and one loading dock** for loading convenience.