Property profile

216 Dupont Ave Newburgh, NY 12550

FOR SALE
Manufacturing properties
Property ID
US63-2608740
7,600 SF 0.35 ac lot Built 1965
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1965
Total area 7,600 SF
Lot 0.35 ac (15,246 SF)
Zoning code IND
APN 331100 13-3-47
UPID US63-2608740

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

216 Dupont Ave Newburgh, NY 12550
Newburgh metro Census 200 POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$820k
Blend (final) Blend
$290k

Owner & transaction history

Zoning & alternative use

IND · Newburgh, NY
Zoning description

This zoning district is intended to include characterized by commercial activity focused on manufacturing, packaging, storage or warehousing, or wholesale production of goods.

General category INDUSTRIAL
Top alternative use upside
Commercial (general) $875,000 +21.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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