216 Dupont Ave Newburgh, NY 12550
- Manufacturing properties
- 7,600 SF
- 0.35 lot acres
Current Use by Public Records
- Manufacturing properties
Property Details for 216 Dupont Ave
- Year built
- 1965
- Lot size
- 0.35 lot acres
- Property size
- 7,600 SF
- Zone code
- IND
- Property type
- Manufacturing properties
- APN
- 331100 13-3-47
- APU
- 33110013347
Description
This single-tenant industrial warehouse, located at 216 Dupont Ave, Newburgh, NY 12550, offers 7,600 square feet of space on a 0.39-acre lot. Built in 1965, the Class C property features a 14-foot ceiling clear height and five parking spaces. The IND zoning allows for versatile use, including offices, warehousing, storage, and parking. The asking price is $525,000, representing a price per square foot of $69.08. Annual property taxes in 2022 were $13,362. This owner-user investment opportunity provides ample space and flexibility in a prime Newburgh location. The property's single-story design and convenient parking add to its appeal. Its strategic location within Orange County, New York, offers easy access to transportation routes and local amenities. This presents a compelling opportunity for businesses seeking a functional and adaptable workspace or investors looking for a strong return on investment in a growing market. The substantial lot size offers potential for future expansion or development. The property's solid construction and established location make it a low-risk, high-reward investment prospect. This is a rare opportunity to acquire a well-situated industrial property in a desirable New York location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $290,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $300,000
- 6.5%
- $315,000
- 7%
- $295,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $290,000
- Geo Method
- $340,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $380,000
- Retail
- $300,000
- Mixed-Use
- $320,000
- Hospitality
- $320,000
- Educational
- $325,000
- Residential Income
- $340,000
- Energy
- $355,000
- Income-Based Land
- $320,000
- Food Service
- $350,000
Location Insight
- Map
- Local Demand
- City
- Newburgh
- County
- Orange
- State
- New York
- Longitude
- -74.0407
- Latitude
- 41.5074
- CBSA code
- 39100
- CBSA name
- POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA