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    FOR LEASE
    Grocery and convenience stores

    88 N Plank Rd, Newburgh, NY 12550

    53,395 SF 5.5 ac lot Built 1997
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US63-4834756
    Property summary
    AI-generated overview

    This exceptional retail opportunity is located at 88 N Plank Rd in Balmville, New York, within Orange County. The property is a shopping center totaling 49,976 square feet, currently featuring one suite available for lease. This particular space offers 1,500 square feet of versatile retail space, ideal for a variety of businesses. The address is conveniently situated in the vibrant Balmville area, offering excellent visibility and accessibility for customers. The property's location within a larger shopping center provides potential for synergistic benefits and increased foot traffic. The building's overall size and single-suite vacancy suggest a well-established and potentially thriving retail environment. This presents a unique chance to establish or expand a business in a desirable location with existing infrastructure. The property is zoned for retail use and is ready for immediate occupancy. Interested parties are encouraged to inquire further to explore the possibilities this prime retail space offers. The zip code is 12550, and the property is situated at latitude 41.5279242 and longitude -74.0328706. This is a single-tenant space within a larger multi-tenant building.

    Property profile
    Verified
    Property type Grocery and convenience stores
    Use group GROCERY, SUPERMARKET
    Year built 1997
    Total area 53,395 SF
    Lot 5.5 ac (239,580 SF)
    Zoning code 4
    APN 334600 77-2-2.1
    UPID US63-4834756
    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
    • Green Garden Restaurant
    • Domino's Pizza Take-out & Catering
    • Ocean State Job Lot Discount Store
    • V N Nails & Spa Nail Salon
    • Subway Take-out & Catering
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $4.59M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $5.22M
    Blend (final) Blend
    $4.63M
    Owner & transaction history
    Osj Of Newburgh LLC · 3 yrs held
    Osj Of Newburgh LLC
    since 2022
    Last sale
    $4.1M
    5 recorded transactions
    2022
    $4.1M
    2014
    2009
    2007
    $6.3M
    1969
    Zoning & alternative use
    4 · Newburgh, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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