185 Broadway Newburgh, NY 12550
- Investment properties
- 3,733 SF
- 0.05 lot acres
Current Use by Public Records
- Investment properties
Property Details for 185 Broadway
- Year built
- 1900
- Lot size
- 0.05 lot acres
- Property size
- 3,733 SF
- Zone code
- BC
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 331100 36-1-2
- APU
- 3311003612
Description
This exceptional 1,700 square foot retail space at 185 Broadway in Newburgh, NY, presents a remarkable opportunity for businesses seeking high visibility and immediate occupancy. Located on a bustling street with over 15,000 cars passing daily, plus convenient bus stops and significant foot traffic, this property guarantees maximum exposure. Completely renovated in 2023, the space boasts brand new paint, flooring, an ADA-compliant bathroom, updated lighting, and a new HVAC system. Move-in ready, this single-tenant space is perfect for a variety of uses. The property features a substantial waterline capacity and three-phase electric service, making it ideal for businesses with specific needs, such as spas, salons, laundromats, or food service establishments. Situated in a three-story building zoned for the Broadway Corridor, this street-level storefront offers unparalleled access and convenience. The property's prime location and recent renovations combine to create an exceptional opportunity for a thriving business. This is your chance to establish a presence in a vibrant and growing downtown area. The address is 185 Broadway, Newburgh, NY 12550.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $180,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $155,000
- 6.5%
- $150,000
- 7%
- $140,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $140,000
- Geo Method
- $170,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $125,000
- Retail
- $130,000
- Mixed-Use
- $120,000
- Hospitality
- $140,000
- Educational
- $150,000
- Residential Income
- $165,000
- Energy
- $155,000
- Income-Based Land
- $155,000
- Food Service
- $150,000
Location Insight
- Map
- Local Demand
- City
- Newburgh
- County
- Orange
- State
- New York
- Longitude
- -74.0153
- Latitude
- 41.5
- CBSA code
- 39100
- CBSA name
- POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA