151 Broadway Newburgh, NY 12550-5518
- Investment properties
- 3,608 SF
- 0.08 lot acres
Current Use by Public Records
- Broadway Farm of Newburgh / Grocery Store
- LibertyX Bitcoin ATM / Atm
Property Details for 151 Broadway
- Year built
- 1921
- Lot size
- 0.08 lot acres
- Property size
- 3,608 SF
- Zone code
- BC
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 331100 36-2-10
- APU
- 33110036210
Description
This exceptional owner-user opportunity presents a 3,608 square foot grocery store located at 151 Broadway, Newburgh, NY 12550. Currently operating at 100% occupancy with a strong NOI of $53,077 and an 8.85% cap rate, this single-tenant retail building offers significant investment potential. The asking price is $600,000, translating to $166.30 per square foot. Built in 1921, the one-story building sits on a 0.08-acre lot and is zoned Tourist Commercial (TC-1). The current tenant, Broadway Farm of Newburgh, has a lease with two years remaining
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $270,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $375,000
- 6.5%
- $340,000
- 7%
- $350,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $290,000
- Geo Method
- $385,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $380,000
- Retail
- $370,000
- Mixed-Use
- $410,000
- Hospitality
- $430,000
- Educational
- $420,000
- Residential Income
- $320,000
- Energy
- $380,000
- Income-Based Land
- $380,000
- Food Service
- $315,000
Location Insight
- Map
- Local Demand
- City
- Newburgh
- County
- Orange
- State
- New York
- Longitude
- -74.0138
- Latitude
- 41.4999
- CBSA code
- 39100
- CBSA name
- POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA