5200 Route 9W

Newburgh, NY 12550

Sold $1,200,000

Closed 22 days ago.
  • Commercial Sale, Retail
  • Built: 1916
  • Heating: Oil, Forced Air
  • Cooling: Central Air
  • Taxes $834 (Monthly)
  • Taxes: $10,006 (Yearly)
Multi facet investment or owner/operator opportunity in Town of Newburgh, NY. Part #1 of this 3 part investment consists of an in-force existing NNN ground lease on 1.5 acres that currently houses 9W Deisel Service. The 2nd part(Industrial) of this investment consists of a large 4,200 sqft 3 bay garage w/14 ft doors and high ceilings large enough for semi tractor trailers and large storage yard. This section is perfect for an owner/operator or as an investment for a NNN lease. This space can also be converted to flexspace/warehouse. Section #3 is residential. It consists of a tenant occupied original farm house built in 1916. There is also a barn near the primary residence with a section that was converted into a 1Bed, 1Bath apartment for additional income. This property offers exceptional cash flow for the investor as well as the potential for an owner/operator to occupy the garage/warehouse and storage yard area while collecting rental income from the additional assets.
Construction Materials
Frame
MLSID
H6057346

Location


Located 1.6 miles north on the right on Rt 9W from the Newburgh Beacon Bridge exit.

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Data was last updated 2021-08-31 21:57:11