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    OFF-MARKET
    Neighborhood centers

    1404 Union Ave, Newburgh, NY 12550

    34,610 SF Built 1995
    Property ID
    Property summary
    AI-generated overview

    This exceptional 34,610 square foot retail strip center, situated on a 5-acre lot in Orange County, presents a unique investment opportunity. Built in 1995, the property boasts a desirable Interchange Business (IB) zoning designation, ensuring flexibility for a variety of retail uses. The center offers multiple tenancies, with spaces ranging from a minimum of 2,624 square feet to a maximum contiguous space of 4,114 square feet. Currently, there is 10,838 square feet of vacant space available, providing immediate potential for new tenants. The ample parking provides a convenient 5.77 spaces per 1,000 square feet. This well-located center benefits from high visibility and accessibility, making it an ideal location for businesses seeking strong foot traffic and exposure. The property's substantial size and flexible space options cater to a wide range of retail concepts, from smaller boutiques to larger retail establishments. Its established presence in a thriving Orange County market makes this a compelling investment opportunity with significant upside potential. The property's strategic location and ample parking ensure a positive experience for both tenants and customers. This is a rare chance to acquire a well-maintained retail center in a prime Orange County location.

    Property profile
    Verified
    Property type Neighborhood centers
    Year built 1995
    Total area 34,610 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Grade Insurance, New York Insurance Agency
    • Dunkin' Restaurant Take-out & Catering
    • Anytime Fitness Gym & Fitness Center
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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