41 Route 17KNewburgh, NY 12550

Property Details for 41 Route 17K

Year built

1952

Lot size

0.36 AC

Property size (Sq ft)

1,571 SF

Property type

Investment properties

Property subtype

Live-work space

APN

334600 100-5-21

APU

334600100521

Description

This meticulously renovated 1,571 square foot office building at 41 Route 17K in Newburgh, NY presents a fantastic opportunity. Situated on a 0.36-acre lot, this highly visible brick structure boasts a fresh coat of paint and numerous recent upgrades. Improvements include brand new windows, modern flooring throughout, and the installation of high-efficiency mechanical systems, ensuring both comfort and energy savings. The building's layout is ideal for a variety of professional uses, featuring a welcoming waiting room, five individual offices providing ample space for staff and clients, a convenient bathroom, and substantial storage options in the full cellar and walk-up attic. Two enclosed porch areas at the rear offer additional space or potential for expansion. The property enjoys exceptional accessibility, with convenient proximity to the New York State Thruway and Route 84, placing it within easy reach of a large commuting population. Furthermore, its location within the vibrant Union Avenue and Route 17K shopping corridor ensures high visibility and strong foot traffic, making it an excellent choice for businesses seeking a prominent presence. This move-in ready property is priced at $549,000 and offers a compelling combination of modern amenities, strategic location, and significant potential for return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $286,696

  6.5%

  $264,643

  7%

  $245,740

• Comparable approach

  Method

  Valuation

  Relative Method

  $205,545

  Geo Method

  $205,267

• Alternative Use

  Use

  Valuation

  Residential

  $328,157

  Hospitality

  $300,590

  Educational

  $250,087

  Medical

  $258,688

  Retail

  $389,025

Location Insight

City

Newburgh

County

Orange

State

New York

Latitude

41.5031

Longitude

-74.0583

CBSA code

39100

CBSA name

POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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