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    FOR SALE
    Retail space

    406 3Rd St, Newburgh, NY 12550

    2,113 SF 0.71 ac lot Built 1903
    Individually Owned 18-yr Hold Free & Clear
    Property ID
    US63-6151494
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1903
    Total area 2,113 SF
    Lot 0.71 ac (30,928 SF)
    Zoning code RL
    APN 331100 15-4-20
    UPID US63-6151494
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Foti Flowers At Yuess Gardens (Bike/Boat/Book/etc) Store Florist
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Peter Ramon · 18 yrs held
    Peter Ramon
    since 2007
    1 recorded transaction
    2007
    $260,000
    Zoning & alternative use
    RL · Newburgh, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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