346 BroadwayNewburgh, NY 12550

Property Details for 346 Broadway

Year built

1940

Lot size

0.06 AC

Property size (Sq ft)

4,176 SF

Zone code

BC

Property type

Investment properties

Property subtype

Live-work space

APN

331100 28-3-13

APU

33110028313

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $762,021

  6.5%

  $703,404

  7%

  $653,161

• Comparable approach

  Method

  Valuation

  Relative Method

  $546,375

  Geo Method

  $545,636

• Alternative Use

  Use

  Valuation

  Residential

  $872,221

  Hospitality

  $798,950

  Educational

  $664,717

  Medical

  $687,578

  Retail

  $1,034,004

Location Insight

City

Newburgh

County

Orange

State

New York

Latitude

41.5012

Longitude

-74.0234

CBSA code

39100

CBSA name

POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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