Commercial in Orange
| MLS Number | 6304165 |
|---|---|
| Address | 2 Victory Court, Newburgh, NY 12550 show map |
| Price | $2,099,900 show mortgage calculator |
| Acres | 0 |
| Year Built | 0 |
| Est. Sq. Footage | 0 |
| Zoning | (B) Business |
| 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...
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