Property Listing Description

For Sale
Newburgh255 Broadway
$ 596000
  • 255 Broadway in Newburgh. Old firehouse would make great mixed-use or live-work property. Interior view of this for sale property at 255 Broadway, Newburgh, NY
  • 255 Broadway in Newburgh is for sale, this is the street view of this Commercial Building which would be perfect as either a mixed-use or live-work property.
  • A Restroom of Commercial Building for Sale at 255 Broadway, Newburgh, NY
  • Interior of Commercial Building for Sale at 255 Broadway, Newburgh, NY
255 Broadway Mixed Use/Live Work Building for Sale in Newburgh 255 Broadway Newburgh New York 12550

Contact Richard Fracasse to tour this beautiful building: 845 590 3647

DESCRIPTION

$596,000

Mixed-Use CRE in Opportunity Zone

255 Broadway is a beautiful historic firehouse property located on up and coming Broadway in Newburgh. It is available to purchase and would be either a great mixed-use property or a live-work property.

Read about Newburgh’s recent zoning regulation changes here to understand the city’s vision for encouraging both mixed-use and live-work development.

The property is also in an Opportunity Zone. Qualified Opportunity Zones provide tax incentives for investing in low-income neighborhoods.

And the building is in Newburgh’s East End Historic District. Buildings in the East End qualify for certain historic property investment tax breaks.

The building was built in the 1940s and has all new utilities.

Up and coming Broadway

Broadway is joining the Liberty Street corridor for trendy shops and restaurants.

 

The area is walkable to Washington’s Headquarters, a national historic landmark, and the restaurants and shops popping up all over Liberty Street and Broadway.

FEATURES

Neighbor, Hudson Valley House parts on Broadway is a recent success story. Read about them here

Mixed-Use on Broadway

Residential–commercial or mixed-use properties have been integral in American towns and cities for centuries.

Known as the “Main Street” model, mixed-use real estate usually includes a two or three-story building with residential units on the upper floors and commercial units on the ground floor — street-facing!

These types of properties are enjoying a resurgence in Newburgh as interest in them by property investors grows exponentially.

Live/Work

Thanks to recently revised zoning codes “live + work” commercial real estate properties are also enjoying a renewed interest in Newburgh!

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Property Features
  • Existing Office Space