Property profile

117 Washington Ter 129 Newburgh, NY 12550

OFF-MARKET
Turn key restaurants
Property ID
US63-3775774
3,667 SF 0.4 ac lot Built 1957
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Newburgh, NY commercial property presents a unique investment opportunity. Located at 117 Washington Ter, this property boasts a substantial 3,667 square feet of space, currently configured as two separate units, but with the potential for future division into independent entities. The asking price is $685,000. A significant advantage is the availability of over 90 parking spaces, providing ample accommodation for customers and employees. The property's "Other" classification suggests versatility in its potential uses, making it suitable for a wide range of businesses. The building's layout and configuration offer flexibility for various business models, allowing for customization to meet specific operational needs. Its prime location in Newburgh ensures high visibility and accessibility, contributing to its overall appeal as a commercial investment. The property is also currently listed for rent under a separate MLS listing (MLS #811852), offering additional income potential. This presents a compelling opportunity for investors seeking a multi-faceted commercial property with significant upside. The property's size, parking capacity, and location combine to create a strong foundation for a successful business venture. Serious inquiries are encouraged to explore the full potential of this remarkable property.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1957
Total area 3,667 SF
Lot 0.4 ac (17,424 SF)
Zoning code CD
APN 331100 33-3-5.2
UPID US63-3775774

Cap rate & NOI

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

Location

117 Washington Ter, Unit 129 Newburgh, NY 12550-5149
Newburgh metro Census 600 POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$380k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$370k

Owner & transaction history

since 2022
Last sale
$320,000
2 recorded transactions
2022
$320,000
2018
$200,000

Zoning & alternative use

CD · Newburgh, NY
Zoning description

This zoning district is intended to include parks, open space, recreational facilities, parking lot, community parking lot, professional office, personal services, retail, neighborhood retail

General category COMMERCIAL

Comparables

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