5316 Rte 9W Newburgh, NY 12550

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at 5316 Rte 9W Contact us

Listing Agency Quinn Realty Group

Listed by John Quinn · License #NY 10311203141

Source Crexi

Added: Mar 21, 2024 Checked: Jul 15 at 6:19 pm

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Investment Insights

Based on property information with market context.

This 1.3-acre property is currently operating as a deli/convenience store. It benefits from high visibility, with an average of 20,000 cars passing by daily. The property is situated 3 miles north of the Newburgh/Beacon Bridge. An existing 1,600-square-foot building is located on the premises, which could be repurposed or removed. The owner currently rents the back of the lot for truck parking and is open to continuing this arrangement or transferring it to the tenant. The surrounding area is experiencing growth, with numerous apartment complexes nearby and more planned for future construction. A large U-Haul storage facility has recently been built across the street. Zoning regulations permit a variety of uses, including retail, dispensary, offices, banks, restaurants, convenience stores, motor vehicle businesses (including gas stations, repair shops, and car washes), hotels, motels, and daycare centers.

Key Highlights

• High traffic location: 20,000 average cars per day.
• Versatile zoning: Allows for retail, dispensary, offices, bank, restaurant, convenience store, motor vehicle business (including gas station, repair, carwash), hotel, motel, and daycare.
• Income potential: Currently operating as a deli/convenience store with additional income from truck parking.

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FAQs

What type of property is this?

Land - 1.3 acre retail land with high traffic and redevelopment potential.

Where is this land located?

The property is located at 5316 Rte 9W Newburgh, NY.

What is the lease rate?

The lease rate is $84,000.

What are key features of this property?

This property features: High traffic location: 20,000 average cars per day.; Versatile zoning: Allows for retail, dispensary, offices, bank, restaurant, convenience store, motor vehicle business (including gas station, repair, carwash), hotel, motel, and daycare.; Income potential: Currently operating as a deli/convenience store with additional income from truck parking.