94 William St - Storefront Retail/Residential FOR SALE


Newburgh, NY 12550
$729,000 USD
845-283-5494
94 William St, Newburgh, NY for Sale
$729,000 USD
Storefront Retail/Residential - FOR SALE
1/15
null | 9.9% Cap Rate

94 William St
Newburgh, NY 12550


HIGHLIGHTS

  • Rare Corner Investment: First time offered in 21 years, this 5,786 SF mixed-use building sits on a prominent corner in a rapidly growing area
  • Stable Income & Upside: Features a long-standing grocery store tenant and two spacious 4-bedroom apartments with private entrances
  • Flexible Growth Potential: Ideal for investors or developers, with solid rental history & redevelopment options

OVERVIEW

Prime Mixed-Use Investment Opportunity – 5,786 SF Corner Building in High-Growth Area Offered for the first time in over two decades, this well-maintained 5,786 square foot mixed-use building is a standout investment opportunity in one of the region’s most rapidly developing areas. Owned by the same family for 21 years, the property features a solid rental history with excellent potential for increased income. The ground-floor commercial space is home to a long-standing neighborhood grocery store with stable tenancy. Above the storefront are two spacious residential apartments, each offering four bedrooms, one full bathroom, a large living room, and an eat-in kitchen. Both units have separate private entrances, allowing for flexible use or future redevelopment potential. Situated on a prominent corner lot, this property is surrounded by ongoing development and revitalization, positioning it perfectly to benefit from the area's upward momentum. All rents are currently well below market value, providing immediate opportunity for value-add improvements and increased cash flow. Whether you’re an investor looking for strong long-term growth or a developer seeking your next project in a thriving location, this property is a rare find in a market on the rise.

FOR SALE DETAILS

PRICE

$729,000 USD

PRICE/SF

$126 USD /SF

CAP RATE

9.9%

% LEASED

100%

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

2,832 SF

ZONING

Multi Use-Downtown Row Ty

APN/PARCEL ID

331100-044-000-0002-008.000-0000

ASK ABOUT THIS PROPERTY

Angela DanoskyPicture It Sold Real EstateMore Info
845-283-5494

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Angela DanoskyPicture It Sold Real EstateMore Info
845-283-5494

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.