Commercial in Orange
MLS Number | 6304165 |
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Address | 2 Victory Court, Newburgh, NY 12550 show map |
Price | $1,800,000 show mortgage calculator |
Acres | 0 |
Year Built | 0 |
Est. Sq. Footage | 0 |
Zoning | |
Current Uses | |
Permitted Uses |
Cash flowing investment property with an established medical tenant. The property produces $151,845 in Net Operating Income with 2% annual escalations on an absolute triple-net lease. This investment is offered at a 7.5% capitalization rate. The Building is in excellent condition and well maintained. The current 10 year lease has approximately 8 years remaining. Busy commercial location with a traffic count of 12,271 vehicles per day, located 1.5 miles to I-84 and 4 miles to I-87 which provides easy access to/from Dutchess, Rockland, Westchester, NYC, Northern NJ etc... Additional Information: HeatingFuel:Oil Above Ground, Appliances: Electric Water Heater
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