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56 N Plank Rd
4,124 SF Vacant Retail Building Newburgh, NY 12550 £641,609 (£156/SF) 5% Net Initial Yield
Investment Highlights
- Highly Visible Location
- High Traffic Count with Super Demographics
Executive Summary
Financial Summary (Actual - 2022) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2022) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
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.
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 334600-080-000-0007-008.100-0000 | Total Assessment | £118,541 (2023) |
| Land Assessment | £40,140 (2023) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £78,401 (2023) | Tax Year | 2022 |
PROPERTY TAXES
Presented by
56 N Plank Rd
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