Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
This zoning district is intended to include parks, open space, recreational facilities, parking lot, community parking lot, professional office, personal services, retail, neighborhood retail
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2021Property description
Physical attributes from public recordsZoning & alternative use
CD · Newburgh, NYThis zoning district is intended to include parks, open space, recreational facilities, parking lot, community parking lot, professional office, personal services, retail, neighborhood retail
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
This zoning district is intended to include parks, open space, recreational facilities, parking lot, community parking lot, professional office, personal services, retail, neighborhood retail
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CD in Newburgh, NY.
Registration is required before the official district profile is shown.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.