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- LoopNet Team
56 N Plank Rd
Newburgh, NY 12550
Retail Property For Sale
Investment Highlights
- Highly Visible Location
- High Traffic Count with Super Demographics
Property Facts
Amenities
- 24 Hour Access
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
About 56 N PLANK RD , NEWBURGH, NY 12550
Invaluable retail location in the Town of Newburgh one-half mile from I-84 is being offered for sale for the first time in 35 years. Currently configured as three retail operations; and a nail salon and a hair salon on the upper floor. A shipping store is on the lower level. The traffic count does not accurately reflect the high visibility and utility of this location partly because retail locations are few in the Town of Newburgh.This location does not have sewer and so will not accept a sit down restaurant as per town code. Take out food is a possibility. The building is in good condition and the taxes are fair. The tenants have been long term and stable. Having said that all the tenants are on short-term leases and an owner occupancy could be arranged. But look at the income and expense sheet, the present net provides for a 7.5% cap rate, that is not to shabby.
Property Taxes
| Parcel Number | 334600-080-000-0007-008.100-0000 | Improvements Assessment | $100,200 |
| Land Assessment | $51,300 | Total Assessment | $151,500 |
Property Taxes
