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3 Pierces Rd 2,300 SF 100% Leased Office Building Newburgh, NY 12550 $499,000 ($216.96/SF)



Investment Highlights
- Opportunity and flexibility. Can continue to operate as a business and rental. Can be converted to a 2 Family or all Residential.
Executive Summary
Rare mixed-use opportunity offering exceptional flexibility for owner-users and investors alike! This well-maintained property features approximately 2,300 square feet of combined residential and professional office space. The main level offers approximately 1,000 square feet currently configured as a professional office with a welcoming reception area, waiting room, multiple private treatment/exam rooms, office space, and bathroom. The flexible layout also presents the potential for conversion to expanded residential living space, subject to municipal approvals. The second level features a spacious residential apartment of approximately 1,300 square feet with a separate entrance, currently tenant occupied, providing immediate income potential. Additional highlights include approximately seven off-street parking spaces, a carport, storage shed, new furnace, and excellent visibility with convenient access to major roadways, shopping, and local amenities. A unique opportunity for professional office users, owner-occupants, or investors seeking a versatile income-producing property.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
2,300 SF
Building Class
C
Year Built
1974
Price
$499,000
Price Per SF
$216.96
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,150 SF
Building FAR
0.31
Lot Size
0.17 AC
Zoning
RL - RL (Residential Low Density). Existing mixed - use property with professional office and residential apartment. Buyers to verify permitted uses.
Parking
4 Spaces (1.74 Spaces per 1,000 SF Leased)
Amenities
- Signage
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 331100-002-000-0008-006.000-0000 | Improvements Assessment | $436,900 |
| Land Assessment | $53,100 | Total Assessment | $490,000 |
Property Taxes
Parcel Number
331100-002-000-0008-006.000-0000
Land Assessment
$53,100
Improvements Assessment
$436,900
Total Assessment
$490,000
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Contact the Sale Advisor
3 Pierces Rd
