5316 Route 9WNewburgh, NY 12550

Property Details for 5316 Route 9W

Year built

1970

Lot size

1.30 AC

Property size (Sq ft)

1,588 SF

Zone code

04 - FARM

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

334600 20-2-5.21

APU

334600202521

Description

This 1.3-acre commercial/industrial property in Orange County, NY, offers significant development potential. Currently featuring a 1,600 sq ft building (suitable for repurposing or demolition), the site boasts 206 feet of frontage on Route 9W, with an average daily traffic count of 20,000 vehicles. The B/LHI zoning allows for diverse uses including retail, restaurants, offices, banks, dispensaries, motor vehicle businesses (gas station, repair, car wash), hotels, motels, and daycare facilities. The property includes 40 parking spaces and is conveniently located 3 miles north of the Newburgh/Beacon Bridge. A portion of the land is currently leased for truck parking, offering an additional income stream for a potential buyer. The area is experiencing growth, with numerous nearby apartment complexes and further development planned. A recently constructed U-Haul storage facility across the street further underscores the area's commercial viability. This property presents a unique opportunity for investors and developers seeking a high-traffic location with flexible zoning and substantial development potential.

• CAP approach

  CAP return

  Valuation

  6%

  $359,331

  6.5%

  $331,690

  7%

  $307,998

• Comparable approach

  Method

  Valuation

  Relative Method

  $322,042

  Geo Method

  $321,607

• Alternative Use

  Use

  Valuation

  Residential

  $331,690

  Hospitality

  $303,826

  Educational

  $252,780

  Medical

  $261,473

  Retail

  $393,213

Location Insight

City

Newburgh

County

Orange

State

New York

Latitude

41.5574

Longitude

-74.0034

CBSA code

39100

CBSA name

POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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