346 Broadway Newburgh, NY 12550-5303
This exceptional commercial property at 346 Broadway, Newburgh, NY, presents a unique investment opportunity. Spanning 6,264 square feet on a 0.06-acre lot, the building boasts a highly successful, established restaurant on the ground floor, attracting significant foot traffic and providing a consistent revenue stream. The restaurant's popular Latin cuisine has cultivated a loyal local following, ensuring a built-in customer base. The second floor offers five versatile office spaces, perfect for a variety of professional uses, including startups, consultancies, or professional service businesses. These spaces are ready for immediate occupancy. Furthermore, a fully furnished salon occupies the top floor, complete with all necessary equipment for a barber, hair, or nail salon. This turnkey operation is immediately ready for a new owner to step in and continue the existing business or adapt it to their own vision. The strategic location in the heart of Newburgh ensures high visibility and accessibility, making this property an ideal investment for both established businesses and ambitious entrepreneurs seeking a thriving commercial space. The asking price is $899,000.
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El Salvadoreño Restaurant Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
BC · Newburgh, NYNewburgh. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.