Contact Richard Fracasse to tour this beautiful building: 845 590 3647
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.
- Walkable to Newburgh/Beacon Ferry Landing
- Easy access (less than 1/8 mile) to I-84
- 1.5 miles to I-87 (NYS Thruway)
- 1 mile to Beacon/Newburgh Bridge
- 5 miles to Stewart International Airport
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.
Thanks to recently revised zoning codes “live + work” commercial real estate properties are also enjoying a renewed interest in Newburgh!
Book a showing
- Existing Office Space