45 Grand St Newburgh, NY 12550
- Office buildings
- 7,160 SF
- 0.13 lot acres
Current Use by Public Records
- Office buildings
Property Details for 45 Grand St
- Year built
- 1932
- Lot size
- 0.13 lot acres
- Property size
- 7,160 SF
- Zone code
- DN
- Property type
- Office buildings
- APN
- 331100 31-1-11.1
- APU
- 331100311111
Description
This exceptional 8,920 square foot office building presents a rare investment opportunity in Newburgh, NY's Liberty/Grand Street Heritage Corridor. Formerly a bank, this stunning property boasts soaring ceiling heights, elegant marble and granite interiors, and a wealth of character. The current layout includes 17 individual offices, a dedicated conference room, a convenient kitchen, and a second-floor balcony offering captivating street views. A full basement provides ample storage space. The building benefits from designated parking at the corner of Grand Street and Broadway, ensuring convenient access for staff and clients. Its prime location offers walkability to a variety of restaurants, City Hall, and SUNY Orange Community College, enhancing its appeal and potential for high occupancy. The property is currently configured for office use but could be adapted to suit a variety of commercial needs. The asking price is $1,750,000, and creative seller financing is available. This is an exceptional opportunity to acquire a landmark building in a thriving urban setting. The building's unique history and prime location make it an ideal investment for discerning buyers seeking a high-return property with significant potential for appreciation. Consider the possibilities this remarkable building offers.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $930,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,070,000
- 6.5%
- $955,000
- 7%
- $1,000,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,085,000
- Geo Method
- $1,020,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $900,000
- Retail
- $1,040,000
- Mixed-Use
- $910,000
- Hospitality
- $955,000
- Educational
- $805,000
- Residential Income
- $845,000
- Energy
- $845,000
- Income-Based Land
- $1,085,000
- Food Service
- $1,010,000
Location Insight
- Map
- Local Demand
- City
- Newburgh
- County
- Orange
- State
- New York
- Longitude
- -74.01
- Latitude
- 41.5007
- CBSA code
- 39100
- CBSA name
- POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA
