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94 William Street Newburgh, NY 12550
$729,900
  • Commercial
  • Year Built 1900
  • Multi Family
  • ML# 894116

Property Details

Overview

Prime Mixed-Use Investment Opportunity – 5, 786 SF Corner Building in High-Growth AreaOffered 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.

Key Facts

  • Lot Size: 0.0597
  • Lot Sq Ft: 2600
  • Taxes: $12,124
  • Sale or Rent: Sale
  • School District: Newburgh

Additional Features

  • Construction Materials: Brick
  • Parking Spaces: Yes
  • Parking Facilities: On Street

Interior & Utilities

  • Heat: Natural Gas
  • A/C: None
  • Water: Public
  • Sewer: Public Sewer

Financial

  • Taxes: $12,124
  • Maintenance: $2,400
Listing Information provided courtesy of Picture It Sold, LLC  845-283-5494
OneKey™ MLSThe source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. Information Copyright 2020, OneKey™ MLS