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Eric Hotaling
erichotaling@kw.com$ 719,000
Est. payment | /mo
9,600 Sqft Lot
$ 719,000
Est. payment | /mo
9,600 Sqft Lot
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1016034
Rental Info No
Annual Tax Amount $11,169
Lot Size 9,600 Sqft
Acres 0.2204
Property Sub-Type Office
Source onekey2
Property Description
INVESTMENT OPPORTUNITY |FULLY RENOVATED PROFESSIONAL BUILDING PROJECTED INCOME OVER $84,000 ANNUALLY
Turnkey commercial investment opportunity in the City of Newburgh. This completely builder-renovated professional building offers over 3,000 square feet of modern office space with six individual units and projected gross rental income exceeding $7,000 per month when fully leased.
Unlike many commercial properties that require ongoing capital improvements, this building has been extensively renovated with virtually everything replaced or upgraded, including windows, doors, flooring, bathrooms, electrical systems, generac generator, heating and cooling systems, common areas, and a fully renovated elevator. The result is a low-maintenance asset designed to provide years of reliable operation with minimal deferred maintenance concerns.
Each suite is individually metered with separate electric service and independent heating and cooling systems, helping reduce owner expenses while providing tenants with complete control of their utility usage. The property is fully handicapped accessible and features private parking, an oversized lobby area, professional finishes, and elevator access to all levels.
Strategically located among established medical offices, healthcare providers, and professional businesses, the property is ideally suited for medical, wellness, counseling, legal, accounting, insurance, executive office, or professional service tenants. The flexible floor plan also provides opportunities for an owner-user to occupy a portion of the building while generating income from the remaining suites.
Property Highlights:
• Over 3,000 SF of renovated professional office space
• Six individual office suites
• Projected gross income exceeding $84,000 annually
• Separate electric meters for each unit
• Independent heating and cooling systems
• Fully renovated elevator
• Handicapped accessible
• Private off-street parking
• Oversized professional lobby and common areas
• Surrounded by medical and professional office buildings
• Minimal deferred maintenance
• Excellent owner-user or investment opportunity
Rarely does a commercial property become available that combines modern construction standards, strong income potential, utility separation, accessibility features, and a professional location in one package. This is a true turnkey asset ready for immediate occupancy and income generation.
Turnkey commercial investment opportunity in the City of Newburgh. This completely builder-renovated professional building offers over 3,000 square feet of modern office space with six individual units and projected gross rental income exceeding $7,000 per month when fully leased.
Unlike many commercial properties that require ongoing capital improvements, this building has been extensively renovated with virtually everything replaced or upgraded, including windows, doors, flooring, bathrooms, electrical systems, generac generator, heating and cooling systems, common areas, and a fully renovated elevator. The result is a low-maintenance asset designed to provide years of reliable operation with minimal deferred maintenance concerns.
Each suite is individually metered with separate electric service and independent heating and cooling systems, helping reduce owner expenses while providing tenants with complete control of their utility usage. The property is fully handicapped accessible and features private parking, an oversized lobby area, professional finishes, and elevator access to all levels.
Strategically located among established medical offices, healthcare providers, and professional businesses, the property is ideally suited for medical, wellness, counseling, legal, accounting, insurance, executive office, or professional service tenants. The flexible floor plan also provides opportunities for an owner-user to occupy a portion of the building while generating income from the remaining suites.
Property Highlights:
• Over 3,000 SF of renovated professional office space
• Six individual office suites
• Projected gross income exceeding $84,000 annually
• Separate electric meters for each unit
• Independent heating and cooling systems
• Fully renovated elevator
• Handicapped accessible
• Private off-street parking
• Oversized professional lobby and common areas
• Surrounded by medical and professional office buildings
• Minimal deferred maintenance
• Excellent owner-user or investment opportunity
Rarely does a commercial property become available that combines modern construction standards, strong income potential, utility separation, accessibility features, and a professional location in one package. This is a true turnkey asset ready for immediate occupancy and income generation.
Location
State NY
County Orange County
Interior
Heating Electric
Cooling Electric
Fireplace No
Exterior
Parking Features Attached, Common, Driveway, Parking Lot, Private
Utilities Available Electricity Connected, Sewer Available, Trash Collection Private
Total Parking Spaces 12
Building
Sewer Public Sewer
Water Public
Structure Type Block,Frame
Schools
High Schools Newburgh
School District Newburgh
Others
Special Listing Condition None
Listed by Hudson Valley Home Connection • Melissa M Forsyth