248 Plank Rd Newburgh, NY 12550
- Investment properties
- 5.50 lot acres
Current Use by Public Records
- Investment properties
Property Details for 248 Plank Rd
- Lot size
- 5.50 lot acres
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 334600 34-2-21
- APU
- 33460034221
Description
This exceptional owner-user opportunity presents a 6,000-square-foot manufacturing building situated on a generous 5.5-acre lot in Newburgh, NY. The single-story, Class C building, constructed in 1964, boasts a 10-foot ceiling height and one dock-high door, ideal for various industrial uses including warehousing, light manufacturing, or distribution. The property features ample yard space, partially fenced, and benefits from a shale base. Its zoning (B - Business Zone) allows for a range of commercial activities. The property's strategic location offers convenient access to major transportation routes and the Newburgh Beacon Bridge. A pending contract exists for a Verizon cell tower on the site. The current owner is open to leasing back a portion of the land for outdoor storage. The property is listed at $1,200,000 ($200/sq ft), with a land assessment of $42,500 and a total assessment of $106,300. This presents a compelling investment opportunity for businesses seeking a versatile industrial space with significant acreage in a prime location. The APN is 334600-034-000-0002-021.000-0000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Newburgh
- County
- Orange
- State
- New York
- Longitude
- -74.0512
- Latitude
- 41.5459
- CBSA code
- 39100
- CBSA name
- POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA
