136 Lake StNewburgh, NY 12550

Property Details for 136 Lake St

Year built

1974

Lot size

2.80 AC

Property size (Sq ft)

26,880 SF

Zone code

RH

Property type

Strip malls

Property subtype

Neighborhood centers

APN

331100 33-7-29.1

APU

331100337291

Description

This exceptional 2,500 square foot commercial space, located at 136 Lake Street #3 in Newburgh, NY, presents a fantastic opportunity for businesses seeking a high-visibility location. Situated in Lakeside Plaza, this single-tenant unit is immediately available and boasts a desirable retail/office configuration. Built in 1974, the space benefits from a recent fit-out as a coffee shop and bookstore, featuring a small kitchen, ample counter space, and large windows that flood the bright, open area with natural light. The layout offers considerable flexibility to adapt to a variety of business needs. A covered entry adds convenience for customers and employees. The property enjoys high traffic and exceptional visibility from Route 32, ensuring significant exposure to potential clients. The address is 136 Lake St, Newburgh, NY 12550. This is an ideal location to establish or expand your business. The entire 2,500 square feet is currently vacant.

• CAP approach

  CAP return

  Valuation

  6%

  $7,210,360

  6.5%

  $6,655,716

  7%

  $6,180,308

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,862,588

  Geo Method

  $8,850,595

• Alternative Use

  Use

  Valuation

  Residential

  $5,614,346

  Hospitality

  $5,142,710

  Educational

  $4,278,675

  Medical

  $4,425,825

  Retail

  $6,655,716

Location Insight

City

Newburgh

County

Orange

State

New York

Latitude

41.497

Longitude

-74.0296

CBSA code

39100

CBSA name

POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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