McGrath RealtyCommercial
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For SaleRetailMLS KEY931903

471 Broadway

Newburgh (City), NY · Orange County
Listed by
Harbor Gray Real Estate LLC
Shown from OneKey MLS. McGrath Realty does not represent this property. We can arrange to show it to you and represent you in buying it.
Building
20,016 SF
Site
0.22 acres
Price / SF
$100
NOI
$292,200
Year built
1960

The offering

Now available for sale 467, 469, 471, 473 Broadway. This exceptional investment opportunity offers a fully leased commercial property with established anchor tenants, including the United States Post Office and H&R Block. Situated in a high-traffic area, this property guarantees steady income and strong tenant appeal.

The ground floor features the Post Office, complete with a dedicated loading dock area, ensuring efficient operations. The second floor provides additional income potential with multi-office spaces available for lease, perfect for professional or creative businesses.

The property also boasts a spacious back parking lot with 36 parking spaces. This property is ideal for investors looking to acquire a well-maintained, income-generating asset in a thriving commercial corridor. Don't miss this chance to own a cornerstone property with excellent upside potential! Contact us today for more details or to schedule a private showing.

Building & site

Interest conveyedFee simple
Gross building area20,016 SF
Building typeRetail
Property typeRetail
Year built1960
Land area0.22 acres
Land area, SF9,713 SF
WaterPublic
SewerPublic Sewer
HeatForced Air
Tax parcel33110034-1-6
Parking spaces36
Electric utilityCentral Hudson

Income & tenancy

Gross income (as reported)
$292,200

Lease terms are summarized from the executed lease and should be independently verified against the document, which is available under confidentiality agreement along with the rent roll and operating statements. Income shown is gross as reported by the listing broker, not verified against an operating statement.

Aerial imagery

The outline is this property's tax parcel from the county assessment roll, over current aerial imagery. Boundaries are indicative and are not a survey.

Taxes & assessment

2024 taxes$45,512
Assessed value$1,377,000
Land assessment$127,300
Full market value$1,377,000
Owner of recordSSPaik LLC
School districtNewburgh
Property class464 · Row office

Assessment figures are taken from the municipal roll and should be independently verified. Annual tax bills are available on request.

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