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Newburgh Retail/Office Space Available
For Lease
$4,500/Mo Modified Gross

245 Broadway, Newburgh, NY 12550

Large open space suitable for retail, office, or services.

Space SizeContact for details
Lot Size0.18 Acres
Days on Market312

Property Features for 245 Broadway

General Information

Standard status Active
Lot size 0.18 Acres
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $1.00

Amenities

Central air
Central Air Cooling
Forced Air Heating
Natural Gas Heating
Listing Agency: KELLER WILLIAMS REALTY
Listed By: CRAIG PELSUE
Source: Corcoran
Added: Oct 15, 2025 Changed: Aug 21 Last Checked: Aug 21 at 8:40AM

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 KELLER WILLIAMS REALTY

Investment Insights

Based on property information with market context.

This property offers a 6,900 square foot space suitable for retail, office, or professional services. Located in the center of Newburgh, the property benefits from high visibility and frontage on Broadway. The space features an open layout and offices, with natural light. The property is zoned BC. Previous kitchen area stubs are available for gas, sewer, water, and a hood system. Additional space is available above and beside this unit, potentially combining for up to 16,000 square feet. The lease is modified gross, with the tenant responsible for utilities.

Key Highlights

  • High visibility and frontage on Broadway.
  • Large open space (over 6900 SF) suitable for various uses.
  • BC Zoning.

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Law Firm Veterinary Clinic (Bike/Boat/Book/etc) Store Garden Center Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Modified Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

1,905
Businesses Nearby

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

Lease Benchmarks for Newburgh, NY

$19.24 /SF/Yr
Avg Asking Price
$7.83–$36.7 /SF/Yr
Price Range
3,566 SF
Avg Space Size

This space is priced 59% below the average of $19.24 /SF/Yr.

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Large open space suitable for retail, office, or services.
Where is this retail space located?
The property is located at 245 Broadway Newburgh, NY.
What is the lease rate?
The lease rate is $4,500/Mo.
What are key features of this property?
This property features: High visibility and frontage on Broadway.; Large open space (over 6900 SF) suitable for various uses.; BC Zoning.
More about this property
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