MLS#932333
STATUSPending
PROPERTY TYPECommercial - Retail
Property Description
Incredible opportunity to add an 8.5% CAP, turn-key investment building into your portfolio. Fully renovated in 2024 and fully leased, this asset provides stability and peace of mind for both new and seasoned owners. The building consists of one street level commercial space currently leased to a strong Fortune 2500 company plus 4 residential units above. The building went through extensive renovations since purchase -- New roof, floors, walls, ductless heat and air conditioning units, water heaters, bathrooms, kitchens, windows, etc. Municipal water/sewer/gas. At one time the ground floor space had a laundromat so there is a 2 water line still available in this space. Would make a great location for high water usage tenant like another laundromat, hair or nail salon, restaurant, spa, etc... High visibility for retail tenants with over 15000 cars per day is a boost for business. The City of Newburgh and the Broadway corridor are going through many exciting economic development projects. A new hotel and spa adaptive reuse assemblage will begin just a few blocks away. City government is designing a deep port dock to welcome large passenger cruise ships into the city and use nearby international airport -- a real boost to the local city economy. The highway access to two interstates along with the MTA train station across the bridge create a draw for commuters and visitors alike.
Property Features
Property Type: Commercial - Retail
Cooling: Ductless
Heating: Heat Pump, Natural Gas
Lot Size: 0.05 Acres
Taxes: $13,000
Feature Descriptions
Appliances: Gas Water Heater
Building Area Total: 4640
Business Type: Commercial
Days on Site: 209
Electric: Three Phase
Exterior: Brick
On Market Date: 2025-11-06
Parcel Number: 331100-036-000-0001-002.000-0000
Parking Features: On Street
Property Attached Y/N: 1
Rental Term: Monthly
Road Responsibility: Public Maintained Road
Sewer: Public Sewer
Units: 5
Utilities: Electricity Connected, Natural Gas Available, Sewer Connected, Trash Collection Public, Water Connected
Water: Public
Listed By / Shown By
Listing By
Agency Name: Rand Commercial
Agency Contact: 845-294-3100
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Broker Headquarters, 621 Columbia St. Suite 800, Cohoes, NY 12047
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185 Broadway | MLS# 932333
This commercial property located at 185 Broadway, Newburgh, NY 12550 is currently listed for sale with an asking price of $799,000. Search Newburgh real estate on www.coldwellbankerchoice.com today.