151 BroadwayNewburgh, NY 12550

For Sale
$600,000

Profitable Retail Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional owner-user opportunity presents a 3,608 square foot grocery store located at 151 Broadway, Newburgh, NY 12550. Currently operating at 100% occupancy with a strong NOI of $53,077 and an 8.85% cap rate, this single-tenant retail building offers significant investment potential. The asking price is $600,000, translating to $166.30 per square foot. Built in 1921, the one-story building sits on a 0.08-acre lot and is zoned Tourist Commercial (TC-1). The current tenant, Broadway Farm of Newburgh, has a lease with two years remaining

Highlights

  • 3,608 SF grocery store in Newburgh, NY, currently 100% occupied.
  • Strong NOI of $53,077 and 8.85% cap rate.
  • Asking price: $600,000 ($166.30/SF).
  • Single-tenant retail building on a 0.08-acre lot, zoned TC-1.
  • Built in 1921; two years remaining on the current lease with Broadway Farm of Newburgh.

Property Details for 151 Broadway

Property type
Other retail properties, Individual retail properties
Square Feet
3,608 SF
Year Built
1921
Buildings
1
Stories
1
Lot Size (sq. ft)
3,485 SF
Units
1

Location Insight

City
Newburgh
County
Orange
State
New York
Latitude
41.4998968
Longitude
-74.0138031
151 Broadway, Newburgh, New York

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151 Broadway
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