185 BroadwayNewburgh, NY 12550

Property Details for 185 Broadway

Year built

1900

Lot size

0.05 AC

Property size (Sq ft)

3,733 SF

Zone code

BC

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

331100 36-1-2

APU

3311003612

Description

This exceptional 1,700 square foot retail space at 185 Broadway in Newburgh, NY, presents a remarkable opportunity for businesses seeking high visibility and immediate occupancy. Located on a bustling street with over 15,000 cars passing daily, plus convenient bus stops and significant foot traffic, this property guarantees maximum exposure. Completely renovated in 2023, the space boasts brand new paint, flooring, an ADA-compliant bathroom, updated lighting, and a new HVAC system. Move-in ready, this single-tenant space is perfect for a variety of uses. The property features a substantial waterline capacity and three-phase electric service, making it ideal for businesses with specific needs, such as spas, salons, laundromats, or food service establishments. Situated in a three-story building zoned for the Broadway Corridor, this street-level storefront offers unparalleled access and convenience. The property's prime location and recent renovations combine to create an exceptional opportunity for a thriving business. This is your chance to establish a presence in a vibrant and growing downtown area. The address is 185 Broadway, Newburgh, NY 12550.

• CAP approach

  CAP return

  Valuation

  6%

  $681,168

  6.5%

  $628,771

  7%

  $583,859

• Comparable approach

  Method

  Valuation

  Relative Method

  $488,414

  Geo Method

  $487,754

• Alternative Use

  Use

  Valuation

  Residential

  $779,676

  Hospitality

  $714,179

  Educational

  $594,188

  Medical

  $614,624

  Retail

  $924,293

Location Insight

City

Newburgh

County

Orange

State

New York

Latitude

41.5

Longitude

-74.0153

CBSA code

39100

CBSA name

POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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