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A sprawling 19. 30-acre commercially zoned property with prime frontage along New York State Route 17 awaits visionary ownership. Zoned for over 20 permitted uses, this versatile site includes a recently built steel building suitable for mixed use, and a portion currently operating under a legal junkyard license. 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, 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 17 provides strong visibility, commuter traffic, and logistical advantages that enhance long-term value. 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 all 20 permitted uses can be found in the agent download section in the MLS.
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$745,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $596,000 | $596,000 | $596,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.250% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.357% | 6.431% | 5.668% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,526 | $3,670 | $4,830 |
| Total Monthly Payment | $3,618 | $3,762 | $4,922 |
* 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.