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$ 729,900
Est. payment /mo
New
94 William ST Newburgh, NY 12550
2,600 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 894116
Rental Info No
Year Built 1900
Annual Tax Amount $12,123
Lot Size 2,600 Sqft
Acres 0.0597
Property Sub-Type Multi Family
Source onekey2
Property Description
Prime Mixed-Use Investment Opportunity – 5,786 SF Corner Building in High-Growth Area
Offered for the first time in over two decades, this well-maintained 5,786 square foot mixed-use building is a standout investment opportunity in one of the region's most rapidly developing areas. Owned by the same family for 21 years, the property features a solid rental history with excellent potential for increased income.
The ground-floor commercial space is home to a long-standing neighborhood grocery store with stable tenancy. Above the storefront are two spacious residential apartments, each offering four bedrooms, one full bathroom, a large living room, and an eat-in kitchen. Both units have separate private entrances, allowing for flexible use or future redevelopment potential.
Situated on a prominent corner lot, this property is surrounded by ongoing development and revitalization, positioning it perfectly to benefit from the area's upward momentum. All rents are currently well below market value, providing immediate opportunity for value-add improvements and increased cash flow.
Whether you're an investor looking for strong long-term growth or a developer seeking your next project in a thriving location, this property is a rare find in a market on the rise.
Offered for the first time in over two decades, this well-maintained 5,786 square foot mixed-use building is a standout investment opportunity in one of the region's most rapidly developing areas. Owned by the same family for 21 years, the property features a solid rental history with excellent potential for increased income.
The ground-floor commercial space is home to a long-standing neighborhood grocery store with stable tenancy. Above the storefront are two spacious residential apartments, each offering four bedrooms, one full bathroom, a large living room, and an eat-in kitchen. Both units have separate private entrances, allowing for flexible use or future redevelopment potential.
Situated on a prominent corner lot, this property is surrounded by ongoing development and revitalization, positioning it perfectly to benefit from the area's upward momentum. All rents are currently well below market value, providing immediate opportunity for value-add improvements and increased cash flow.
Whether you're an investor looking for strong long-term growth or a developer seeking your next project in a thriving location, this property is a rare find in a market on the rise.
Location
State NY
County Orange County
Rooms
Basement Partial
Interior
Heating Natural Gas
Cooling None
Fireplace No
Exterior
Parking Features On Street
Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Newburgh
Middle Schools Newburgh
High Schools Newburgh
School District Newburgh
Others
Special Listing Condition None
Listed by Picture It Sold, LLC