25 Carpenter AveNewburgh, NY 12550

This exceptional investment opportunity presents a unique chance to acquire four combined lots totaling over 12,000 square feet in the vibrant city of Newburgh, New York. The property features a substantial 3,824-square-foot building, previously used as a lumberyard and sawmill. The building boasts multiple bays and an industrial-sized door, easily accommodating large trucks. Its strategic corner location, just a block from Broadway, ensures high visibility and accessibility. Preliminary plans are available for conversion into a mixed-use complex, encompassing 88 apartment units across four stories, with ground-floor commercial spaces. Importantly, this project requires no Architectural Review Committee (ARC) approval. The property's convenient location offers easy access to major transportation arteries, including proximity to Route 17K, I-84, Beacon Metro-North, and Stewart International Airport. A commute to New York City is approximately 75 minutes. Downtown Newburgh's amenities and services are within walking distance. The property is zoned RL. This presents a remarkable opportunity for investors and business owners to capitalize on the burgeoning Newburgh real estate market. An adjacent 5,250-square-foot parcel is also available for purchase (separate MLS listing #6301761). This combined offering presents an even more significant development potential. Schedule a private showing to fully appreciate the potential of this remarkable property.