94 William Street, Newburgh, NY, 12550
1900
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.
Status:
Active
Type:
Commercial
Units:
3
Heating:
Natural Gas
Cooling:
None
Basement:
Partial
Parking:
On Street
Acreage:
0.06
Est. Taxes:
$12,124
Assessment
$370,000
Construction
Brick
Utilities
Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Elementary School:
Newburgh
Middle School:
Newburgh
High School:
Newburgh Free Academy
School District:
Newburgh
Days on Market:
1
MLS #:
894116
Community Info
School Info
Walk Score
Mass Transit
Yelp
Similar Properties
New or Coming Soon Properties
Listing courtesy of Picture It Sold, LLC 845-283-5494