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    340 1St St Newburgh, NY 12550

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    For Sale
    $799,000

    3648 sq ft commercial property with residential unit for sale.

    Property Features for 340 1St St

    General Information

    Standard status
    Active

    Source: OPULENCE REALTY GROUP Agent HECTOR ALGARIN

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

    Overview

    Updated Commercial Property with Residence

    This updated 3648 sq ft commercial property is located in a high-visibility, well-connected area. It features 2022 split-unit HVAC systems for energy-efficient heating and cooling, a new 200-amp electric panel with generator hookup, updated plumbing, sheetrock, lighting, and new flooring. The property includes two kitchens, one full bathroom, and two half bathrooms. It also has a one-bedroom residential unit, suitable for an owner-occupant, staff housing, or additional rental income. Additional improvements include new siding, a repaired garage roof, and a new roof on the other side of the building. The property is located in a thriving commercial corridor, surrounded by established businesses, restaurants, and residential neighborhoods. Public transportation is easily accessible, with nearby bus and train connections. Major highways and thoroughfares are also just minutes away.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dare To Dream Christian ... Association / Organization

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Newburgh
    County
    Orange
    State
    New York
    Longitude
    -74.0220892
    Latitude
    41.503271

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    FAQs

    What type of property is this?
    Mixed-use property - 3648 sq ft commercial property with residential unit for sale.
    Where is this mixed-use property located?
    The property is located at 340 1St St 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: - Prime location in a high-visibility commercial corridor with easy access to public transportation, major highways, and surrounding businesses.; - Fully updated 3648 sq ft commercial property with modern upgrades including new flooring, sheetrock, lighting, and updated plumbing.; - Includes a one-bedroom residential unit suitable for owner-occupancy, staff housing, or rental income.
    Request Owner's contact information
    340 1St St Newburgh, NY 12550
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    Newburgh, NY 12550
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    340 1St St Newburgh, NY 12550
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