Newburgh NY, 12550
$1,800,000
Office
Commercial
Details
ML#: H6304165
- # of Families: 1
- Sale or Rent:Sale
- Taxes: $24,168
- Status:Active
Description
Cash flowing investment property with an established medical tenant. The property produces $151, 845 in Net Operating Income with 2% annual escalations on an absolute triple-net lease. This investment is offered at a 7.5% capitalization rate. The Building is in excellent condition and well maintained. The current 10 year lease has approximately 8 years remaining. Busy commercial location with a traffic count of 12, 271 vehicles per day, located 1.5 miles to I-84 and 4 miles to I-87 which provides easy access to/from Dutchess, Rockland, Westchester, NYC, Northern NJ etc... Additional Information: HeatingFuel:Oil Above Ground,
More Property Details
Lot Size: 0.5438
Parking Spaces: Yes
Parking Facilities: Off Street, Parking Lot, Private
Heat: Forced Air, Oil
A/C: Central Air
Water: Drilled Well
Sewer: Septic Tank
Taxes: $24,168
School District: Newburgh
Zoning: (B) Business
Listing Information provided courtesy of
Keller Williams Realty
(206) 445-4798