393 Windsor HwyNew Windsor, NY 12553

Property Details for 393 Windsor Hwy

Lot size

1.90 AC

Zone code

HC

Property type

Investment properties

Property subtype

Retail residential properties

APN

334800 65-2-25.11

APU

3348006522511

Description

This exceptional 11,180-square-foot Class A retail building is situated on a 1.9-acre lot boasting 240 feet of frontage along Windsor Highway in New Windsor, NY (zip code 12553). The single-tenant property features a spacious open retail area, a rear storage area, a utility room, a loading dock, a manager's office, and two private bathrooms. The building includes 12-foot dropped ceilings, a sprinkler system, and three-phase 575 amp electrical service. Ample parking is provided with 67 paved spaces. The property also includes approximately 1,500 square feet of shelving and a 50-square-foot reach-in/walk-in cooler, which are negotiable. This highly visible location benefits from excellent visibility and proximity to major retailers such as ShopRite, Mavis Tire, Bank of America, Key Bank, Citizens Bank, Price Chopper, Tractor Supply, Dunkin' Donuts, Starbucks, and Wendy's. The property is zoned HC - Highway Commercial. This presents a unique opportunity for a business seeking a prominent location with high traffic volume and strong neighboring businesses. The building is currently vacant.

• CAP approach

  CAP return

  Valuation

  6%

  $18,727,206

  6.5%

  $17,286,652

  7%

  $16,051,891

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,784,326

  Geo Method

  $16,761,614

• Alternative Use

  Use

  Valuation

  Residential

  $17,286,652

  Hospitality

  $15,834,480

  Educational

  $13,174,101

  Medical

  $13,627,179

  Retail

  $20,493,046

Location Insight

City

New Windsor

County

Orange

State

New York

Latitude

41.457

Longitude

-74.0549

CBSA code

39100

CBSA name

POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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