117 Washington Ter 129, Newburgh, NY 12550-5149
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CD · Newburgh, NYNewburgh. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.