169 N Plank Road, Newburgh, NY, 12550 | $475,000

Exceptional Commercial Opportunity with Endless Potential – Flexible Multi-Use Ranch Property Positioned in a highly visible and convenient location, this versatile ranch-style property offers an outstanding opportunity for medical, professional, retail, wellness, or mixed business use. Thoughtfully designed for flexibility, the building is currently configured as two separate office suites, making it ideal for owner-occupants, multiple businesses, or investment potential. The primary suite features a welcoming reception and waiting area highlighted by a stunning original fireplace, creating a warm and professional first impression. The space also includes a full kitchen, two full bathrooms, and three private offices or exam rooms, easily adaptable to a variety of professional needs. A separate annex with its own private entrance provides excellent additional space for an independent office, satellite business, rental income opportunity, or private client services. The exterior offers a beautifully paved parking area with space for 15+ vehicles, plus additional rear parking for staff or overflow use. With over 130 feet of road frontage, the property benefits from excellent exposure, accessibility, and strong signage visibility. Inside, the building is move-in ready with fresh interior paint and updated flooring throughout. A full dry basement adds valuable storage space and future expansion possibilities. Whether you are seeking a professional office, medical facility, business headquarters, investment property, or multi-tenant opportunity, this property delivers exceptional versatility, visibility, and convenience in one outstanding package. Schedule your private tour today and discover the possibilities this unique property has to offer.

Features

  • Property Type: Business
  • Construction: Frame
  • Utilities: Cable Available, Electricity Connected, Phone Available
  • Parking: Off Street, Parking Lot
  • Heating: Baseboard, Oil
  • Cooling: Central Air
  • Year Built: 1967
  • Acreage: 0.85
  • Est. Taxes: $11,323
  • Lot Desc: Paved
  • MLS#: 899956
  • Days on Market: 274 days
  • Website: https://www.raveis.com
    /prop/899956/169nplankroad_newburgh_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Stepping Stone Realty   Phone: 845-564-2828

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

169 N Plank Road, Newburgh, NY, 12550

$475,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $380,000 $380,000 $380,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.875% 6.375% 5.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.230% 6.512% 5.866%
Monthly Tax Payment $944 $944 $944
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,248 $2,371 $3,130
Total Monthly Payment $3,267 $3,390 $4,149

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.