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23138561
23138574

1402 NY-300, Newburgh, NY 12550

AG
10301220010
Christie’s International Real Estate
Listed by Christie’s International Real Estate
$3,000,000
405 days on market
Updated 112 days ago

1402 NY-300

Details
Property Type Industrial, Retail
Sub Type Storefront, Warehouse
Square Footage 16,682
Units 4
Cap Rate 6.00%
NOI $204,000
Tenancy Multi
Lease Type NN
Broker Co-Op Yes
Buildings 3
Stories 1
Investment Type Net Lease

Industrial | 6.00% CAP | 16,682 SF

Marketing description

Presenting an outstanding investment or owner-user opportunity at 1402 Route 300 in Newburgh, NY. This versatile commercial property offers a combination of industrial warehouse and office space in a highly visible location along one of the area’s busiest commercial corridors. Currently, 4 out of 5 spaces are fully rented, providing a strong and immediate income stream for investors. The property is ideal for those seeking stable occupancy or for business owners who require flexible space for their operations. Tenants and visitors benefit from ample parking and convenient access for trucks and deliveries. Situated on Route 300, this property enjoys proximity to major highways and New York Stewart International Airport, surrounded by a thriving business community. Investors will appreciate the immediate cash flow from existing tenants, with the added opportunity to lease the final available space or occupy it for their own use. The flexible configuration accommodates a wide range of industrial and office needs. There are three buildings - one warehouse is 5000 square feet used by a Granite company who also utilizes outdoor storage. An additional storefront for the granite showroom is part of the other building about 1000 square feet. The larger main warehouse is a tile showroom and warehouse for Sherwood tile - with an additional vacant office with separate entrance currently vacant in the back of the building 9000 SF. There is a single family ranch home that is also rented on the property about 3100SF.

For more information on financials, the rent roll, or to schedule a private tour of this well-maintained, income-producing property in the heart of Newburgh’s commercial district, please contact us. Specific square footage and additional details are available upon request.

Investment highlights

Investment Highlights for 1402 Route 300, Newburgh, NY

  • Immediate Cash Flow: Four out of five spaces are currently leased, generating a strong and immediate income stream for investors.

  • Value-Add Opportunity: The property offers the potential to lease the remaining vacancy or for an owner-user to occupy the space, enhancing returns.

  • Flexible Configuration: The building’s layout accommodates a wide range of industrial and office uses, appealing to diverse tenants and business needs.

  • Prime Location: Situated on one of Newburgh’s busiest commercial corridors, the property enjoys high visibility, ample parking, and convenient access for trucks and deliveries.

  • Strategic Accessibility: Close proximity to major highways and New York Stewart International Airport supports logistics, distribution, and business operations.

  • Stable Tenancy: The multi-tenant setup provides stable occupancy and diversification of rental income.

  • Well-Maintained Asset: The property is described as well-maintained, reducing near-term capital expenditure risk for new owners.

  • Strong Surrounding Business Community: Located in a thriving commercial district, supporting ongoing demand for quality industrial and office space.

These highlights position 1402 Route 300 as an attractive option for both investors seeking stable returns and owner-users looking for flexibility and growth potential in a dynamic market.

Listing Contacts

AG
10301220010
Christie’s International Real Estate
Listed by Christie’s International Real Estate

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$204,000.00
$17,000.00/mo

Valuation Metrics

0
DSCR
6.8%
Cap Rate
6.8%
ROI

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