Improved Industrial Land
350 Newport Bridge Rd Pine Island, NY 10969
350 Newport Bridge Rd, Pine Island, NY, 10969
$679,999
For Sale
$679,999
Four-parcel industrial and agricultural land offering anchored by a 7,600 SF industrial-style building with loading dock.
Property Size7,600 SF
Lot Size39.80 Acres
Price / SF$89.47
Days on Market87
Property Features for 350 Newport Bridge Rd
General Information
- Standard status
- Active
- Size
- 7,600 SF
- Lot size
- 39.80 Acres
- Property subtype
- Commercial
Listing agency
Tactical Realty LLC
(845) 218-5000
Listed by
Steven Moreau · License #10491208521
(845) 218-5000
Source
Elliman
Added: Apr 27 Updated: Jul 20 at 6:57PM Checked: Jul 22 at 12:19PM
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 Tactical Realty LLC
Investment Insights
Based on property information with market context.
The sale includes four parcels totaling approximately 39.8 acres, anchored by a strategically located, improved site at 350 Newport Bridge Rd. The primary 15.60-acre parcel is zoned COM-1 within the Warwick Valley School District, with three additional parcels totaling approximately 11.9 acres, 6.3 acres, and 6 acres that can support expansion, subdivision, or long-term land banking. Improvements include a 7,600 sq ft industrial-style building constructed in 1978, featuring concrete flooring, a loading dock, oversized commercial access doors, and strong electrical capacity. A high-producing well is located outside the building for potential future use.
The portfolio benefits from agricultural (“AG”) exemption status supported by $10,150 in annual income. Access is described as being approximately 1.2 miles from the New Jersey border, with convenient access to Route 17, I-87, and I-84, and within approximately 57 miles of New York City.
Overall, the combination of an improved industrial building, multi-parcel configuration, and AG exemption income provides a flexible structure for buyers seeking land and facility optionality.
The portfolio benefits from agricultural (“AG”) exemption status supported by $10,150 in annual income. Access is described as being approximately 1.2 miles from the New Jersey border, with convenient access to Route 17, I-87, and I-84, and within approximately 57 miles of New York City.
Overall, the combination of an improved industrial building, multi-parcel configuration, and AG exemption income provides a flexible structure for buyers seeking land and facility optionality.
Key Highlights
- Sale includes four parcels totaling approx. 39.8 acres, anchored by 350 Newport Bridge Rd in Warwick, NY
- Primary 15.60‑acre parcel (10‑1‑36) zoned COM‑1 within Warwick Valley School District
- 7,600 SF industrial‑style building (1978) with concrete flooring, loading dock, and oversized commercial access doors
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $106.7k | $14.04 |
| − Vacancy | −$18.1k | −$2.39 |
| EGI | $88.6k | $11.65 |
| − OpEx | −$26.6k | −$3.50 |
| NOI | $62.0k | $8.16 |
7,600 SF · lease $14.04/SF/yr · vacancy 17.00% · expense 30.00%
Alternative Uses
Best Use
Industrial
$885.6K
$774.9K – $1.03M
NOI $61,995 @ 7.0% cap · market cap 9.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.57M
$2.25M – $3.00M
NOI $180,182 @ 7.0% cap · market cap 26.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Manufacturing properties
Similar For Sale Nearby
FAQs
What type of property is this?
Manufacturing property - Four-parcel industrial and agricultural land offering anchored by a 7,600 SF industrial-style building with loading dock.
Where is this manufacturing property located?
The property is located at 350 Newport Bridge Rd Pine Island, NY.
What is the asking price?
The asking price for this property is $679,999.
What are key features of this property?
This property features: Sale includes four parcels totaling approx. 39.8 acres, anchored by 350 Newport Bridge Rd in Warwick, NY; Primary 15.60‑acre parcel (10‑1‑36) zoned COM‑1 within Warwick Valley School District; 7,600 SF industrial‑style building (1978) with concrete flooring, loading dock, and oversized commercial access doors
