406 3Rd St Newburgh, NY 12550
- Retail space
- 2,113 SF
- 0.71 lot acres
Current Use by Public Records
- Foti Flowers At Yuess Gardens / Florist / Gift Basket Store
Property Details for 406 3Rd St
- Year built
- 1903
- Lot size
- 0.71 lot acres
- Property size
- 2,113 SF
- Zone code
- RL
- Property type
- Retail space
- APN
- 331100 15-4-20
- APU
- 33110015420
Description
This exceptional Newburgh, NY retail property at 406 3rd St presents a unique investment opportunity. The 2,789 square foot building sits on a 0.71-acre lot and boasts a rich history, having operated as a successful business for over 76 years, previously a prominent greenhouse. The property is offered for sale at $350,000, including the established business and all equipment. The building itself has undergone recent updates, featuring newer siding, interior dГ©cor, and a freshly paved driveway. The well-maintained structure offers 1500 square feet of usable interior space, encompassing a showroom, storage, and preparation areas. Additional storage is available in a walk-up attic and an unfinished basement. A detached shed is also included. The sale includes all existing commercial equipment, such as two large walk-in refrigerators, display cases, counters, a fully equipped prep area, and ample shelving. This turnkey operation is ready for immediate revenue generation, offering a seamless transition for a new owner. The current owner is retiring, presenting a rare chance to acquire a long-standing, profitable business with an established clientele. This is an exceptional opportunity to own a piece of Newburgh's commercial history and capitalize on a thriving business.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $370,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $300,000
- 6.5%
- $305,000
- 7%
- $290,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $310,000
- Geo Method
- $250,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $275,000
- Retail
- $300,000
- Mixed-Use
- $335,000
- Hospitality
- $360,000
- Educational
- $325,000
- Residential Income
- $365,000
- Energy
- $300,000
- Income-Based Land
- $300,000
- Food Service
- $330,000
Location Insight
- Map
- Local Demand
- City
- Newburgh
- County
- Orange
- State
- New York
- Longitude
- -74.0268
- Latitude
- 41.5056
- CBSA code
- 39100
- CBSA name
- POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA