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About the Listing PICTRE - 49026,40268
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.
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Partial
- Other:
- Water: Public
Exterior Details
- Lot Description: No Waterfront
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $12,124
- Taxes w/Assessments: N/A
- Tax/Property ID: 331100-044-000-0002-008.000-0000
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
94 William St Newburgh, NY 12550
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