524 Rte 303, Orangeburg, NY 10962-1309
This exceptional 61,000-square-foot industrial and office building presents a significant investment opportunity in Orangeburg, NY. Situated on a generous 8.3-acre lot, the single-level structure boasts a robust steel frame and masonry construction, ensuring durability and longevity. The building is currently fully occupied by two tenants, providing immediate cash flow. However, one tenant's lease expires in November 2024, freeing up approximately 27,821 square feet of space. This presents a unique opportunity for the new owner to either lease this space to generate additional income or utilize it for expansion or internal operations. The existing building layout includes approximately 6,400 square feet of well-maintained office space, complementing the substantial industrial area. The property's floor load capacity is rated at 15 tons, accommodating a wide range of industrial uses. Its strategic location in Orangeburg offers excellent access to major transportation routes, making it an ideal location for distribution, manufacturing, or warehousing operations. This property is being offered at $15,900,000 and represents a compelling investment prospect with strong potential for future growth and profitability. Further specifics and details are available upon request.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
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
LO · Orangeburg, NYOrangeburg. 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.