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Presented by
Rob Tosner |
A sprawling 19. 3-acre commercially zoned property with prime frontage along New York State Route 87 awaits visionary ownership. Zoned for over 20 permitted uses, this versatile site is currently operating under a legal junkyard license and is equipped with two septic systems, an operable steel building, a 120-foot-deep well, and electric access running through the property, providing infrastructure already in place for a variety of future possibilities. Beyond commercial and industrial potential, the property may support residential or mixed-use concepts where permitted, offering flexibility for creative development. Ideal for self-storage, warehouse/distribution, solar or renewable energy projects, light industrial operations, a microbrewery, farmers’ market, contractor yard, automotive-related businesses, or hybrid commercial/residential development. Strategically positioned near Newburgh and Middletown, the property offers convenient access to Interstate 84 and Stewart International Airport, while remaining within reach of New York City and Albany. Located along a key corridor linking downstate and upstate markets, Route 87 provides strong visibility, commuter traffic, and logistical advantages that enhance long-term value. No Phase I or Phase II environmental studies have been completed, and buyers are encouraged to perform their own due diligence regarding permits, approvals, zoning, environmental requirements, and future intended use. Negotiable options may include certain contents remaining on the property, presenting additional value and flexibility for the next owner. This is an exceptional opportunity for investors seeking income-producing development, phased expansion, or a strategic long-term land investment in a high-growth corridor. A PDF with details regarding permitted uses can be found in the agent download section of the MLS.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,100,000
Luxury Properties Specialist
William Raveis Real Estate
Phone: 508.237.2936
Rob.Tosner@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 508.274.0185
Ali.Oldham@raveis.com
NMLS Mortgage Loan Originator ID 2803699
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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| Loan Amount | $880,000 | $880,000 | $880,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.223% | 6.058% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $4,928 | $5,347 | $7,367 |
| Total Monthly Payment | $5,053 | $5,472 | $7,492 |
* 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.