406 3Rd St, Newburgh, NY 12550
For Sale
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This exceptional Newburgh, NY retail property at 406 3rd St presents a unique investment opportunity. The 2,789 square foot building sits on a 0.71-acre lot and boasts a rich history, having operated as a successful business for over 76 years, previously a prominent greenhouse. The property is offered for sale at $350,000, including the established business and all equipment. The building itself has undergone recent updates, featuring newer siding, interior dГ©cor, and a freshly paved driveway. The well-maintained structure offers 1500 square feet of usable interior space, encompassing a showroom, storage, and preparation areas. Additional storage is available in a walk-up attic and an unfinished basement. A detached shed is also included. The sale includes all existing commercial equipment, such as two large walk-in refrigerators, display cases, counters, a fully equipped prep area, and ample shelving. This turnkey operation is ready for immediate revenue generation, offering a seamless transition for a new owner. The current owner is retiring, presenting a rare chance to acquire a long-standing, profitable business with an established clientele. This is an exceptional opportunity to own a piece of Newburgh's commercial history and capitalize on a thriving business.
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Foti Flowers At Yuess Gardens (Bike/Boat/Book/etc) Store Florist
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
RL · 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.