March 30, 2018
City of Newburgh’s RFP for Mixed Use Space at 41 Liberty Street
RFP’s NOW CLOSED!
This property, the City of Newburgh’s RFP for Mixed Use Space at 41 Liberty Street, is available for proposal submissions until April 30, 2018. There is a suggested entry price of $100,000.00
41 Liberty Street is located in the southern section of the City of Newburgh in the East End Historic District qualifying it for a variety of tax credits.
It is walkable to Washington’s Headquarters and the Newburgh waterfront, as well as the restaurants and galleries in and around Liberty Street that are drawing notice.
Atlas Studios, Thornwillow Press, and the Newburgh Brewery all contribute to the revitalization and energy of the neighborhood.
The building was constructed in the late 1800’s and sits on a rectangular corner parcel, measuring 20’x75’x20”75, per the tax map.
The front of the building faces Liberty Street, and is three stories high. The smaller area section is two stories has separate apartment entries.
The side of the building is on South Washington Street.
The first floor is 1400 feet, and would be ideal for a retail shop, restaurant, service business, etc.
There are two apartments on the second floor. One is 941 feet and the other 540 square feet.
A third floor apartment is 941 square feet. All apartments require extensive renovation.
Visit the City of Newburgh’s listing for further details, requirements, and potential tax credit information.
Not only would the property qualify (potentially for state and federal tax exemptions, but it is also in the creative neighborhood identified by Patterns for Progress and may be eligible to tap into a set aside loan portfolio of $3,000,000.00 for businesses that qualify.
Inspection dates to be announced.
For all information, documentation, contact information, etc., please visit: https://bit.ly/2H8dll6