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5109 Route 9W Newburgh, NY 12550
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Key Details
Sold Price $510,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
MLS Listing ID H6003309
Year Built 1975
Annual Tax Amount $19,337
Property Description
9.5% Capitalization Offering Three buildings on one site. A two-story 4-unit 6,100 sq ft office with each unit at 1400 sq ft. The second building is a beautiful light filled free standing office with an open plan design and the last structure is a 1,092 sq ft garage. All but one office is rented and that is being offered out at $1,600/month with plenty of interest, MLS 5050793. The leases are all local tenants and are between 1-year and 3-years long. Tenants generally stay an average of 5 years. This is a building you will have to actively manage but what an income stream and no deferred maintenance.
Location
State NY
County Orange
Zoning B
Interior
Heating Oil, Forced Air
Cooling Central Air
Building
Sewer Septic Tank
Water Public
Structure Type Batts Insulation, Fiberglass Insulation, Frame
Schools
School District Newburgh
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Bought with John J Lease REALTORS Inc