Property Listing Description

For Sale
Newburgh255 Broadway
$ 498000
  • 255 Broadway in Newburgh for sale
  • 255 Broadway in Newburgh is for sale Commercial Real estate mixed-use
  • 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

Price Reduced $98,000 on November 15th, 2019

$498,000

255 Broadway was once a City of Newburgh firehouse. Today beautiful and historic property with 4,920 sq. ft. is for sale!

Located on up and coming Broadway in Newburgh, N.Y., this building makes for a very dramatic space for any retailer.

It features 3 floors of open space, and has high ceilings plus beautiful architectural detail.

If you are a creative renovator, you could turn this into an absolute jewel!

Thinking of opening a dining establishment, or a place for libations?

The drive-in overhead door would make for a great display window, and in the summer  alfresco dining.

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 building is located in an area is walkable to Washington’s Headquarters, a national historic landmark, and to all of the many restaurants and shops popping up in and around 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 to 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!

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 a Qualified Opportunity Zone .  These 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.

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Property Features
  • Drive in Doors
  • Existing Office Space