Property profile

9 Rock Cut Rd Albany, NY 12250

OFF-MARKET
Office Spaces
2 ac lot
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Property summary

AI-generated overview

This exceptional 2-acre commercial property at 9 Rock Cut Road, Newburgh, NY, presents a unique investment opportunity. Zoned for commercial and medical office use, this site boasts pre-approved plans for a substantial 17,280 square foot, two-story office building. Located in a rapidly growing area, this location offers unparalleled potential for a variety of uses, including medical offices, daycare facilities, or assisted living centers. The property's strategic position, just half a mile from Interstate 84 and in close proximity to Stewart International Airport, ensures excellent accessibility and visibility. The impending arrival of Amazon, projecting 2,100 new jobs, further enhances the long-term growth prospects of this prime location. Flexible ownership options are available, including outright sale, ground lease, or build-to-suit arrangements, catering to diverse investment strategies. The property's address is 9 Rock Cut Road, Newburgh, NY 12250, situated in Orange County. This is a rare opportunity to acquire a ready-to-develop site in a thriving market with significant future growth potential. The property is available immediately.

Property profile

Verified
Property type Office Spaces
Lot 2 ac (87,120 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

9 Rock Cut Rd Albany, NY 12250
Albany metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

3 recent transactions · within 1.5 mi
Comparable in this city
3 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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