402 Broadway,Newburgh, NY 12550
Newburgh, NY 12550
Description
INVESTMENT OPPORTUNITY!!! Welcome to a remarkable mixed-use opportunity in the vibrant City of Newburgh. Home to a beloved Italian bakery that has been a community staple since the 1970s, this classic brick building offers immense potential for investors, restaurateurs, or entrepreneurs looking to establish themselves in a high-traffic area. Boasting excellent street visibility and large display windows, the ground floor features approximately 2,400 square feet of expansive retail and commercial space. The bright and welcoming front retail area is currently outfitted with classic terrazzo-style flooring, extensive glass bakery display cases, stand-alone refrigerated coolers, a commercial espresso and coffee station, and a seating area featuring retro red booths and wooden tables. The footprint flows seamlessly from this storefront into a massive rear commercial kitchen and prep area complete with heavy-duty utility infrastructure, ample workspace, walk-in refrigeration capability, and a full unfinished basement for extensive storage. The second floor features two separate 2-bedroom apartments spanning approximately 1,000 square feet, accessible via a private stairwell with a glass-paned door and a decorative wooden newel post. These radiator-heated units offer an opportunity to generate steady residential rental income or serve as a convenient live-work setup, featuring ample natural light, ceiling fans, classic columned room dividers, and eat-in kitchens equipped with white cabinetry, double basin sinks, and gas ranges. Strategically positioned for business, the building is situated just blocks away from Newburgh's scenic Hudson River waterfront and is surrounded by a variety of well-established businesses. Commuting, shipping, and customer access are convenient thanks to the property's proximity to the Route 9W and Route 32 intersections, located just a quick 10-minute drive from Interstate 84 and the Newburgh-Beacon Bridge. Whether you are looking to carry on a rich culinary tradition, launch a brand-new concept, or secure a mixed-use asset, this property deliversschedule your private showing today!
Details
| MLS # | 1001898 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1910 |
| Days On Site | 102 |
| Listing Provided By | Keller Williams Realty | Richard Baxter |
Features
| SQ Feet | 5,400 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Units | 3 |
| Building(s) | 1 |
| Zoning | BC |
| Acreage | 0.06 |
Interior
| Cooling | None |
|---|---|
| Heating | Hot Air, Natural Gas |
| Appliances | Gas Oven, Refrigerator |
Exterior
| Construction Materials | Brick |
|---|---|
| Foundation Details | Block, Brick/Mortar |
| Lot Features | City Lot |
Parking
| Parking Features | On Street |
|---|
Utilities
| Utilities | Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Private |
|---|---|
| Electric | 120/240 Volts |
| Sewer | Public Sewer |
Taxes
| Tax Year | 2026 |
|---|---|
| Tax Assessed Value | 404000 |
| Tax Annual Amount | 12196 |
| Tax Lot | 30.130 |
Area Information
| State | NY |
|---|---|
| County | Orange County |
| City | Newburgh |
| Zip Code | 12550 |
| School District | Newburgh Free Academy |
| Elementary School | Newburgh |
| High School | Newburgh Free Academy |
| Listing VS Median (in 12550) | |
Price: $549,999 low | high Med: $399,000 sqft: 5,400 low | high Med: 1,850 $ / sqft: $102 low | high Med: $216 On site: 102 low | high Med: 137 | |
Market Activity 12550
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Learn More About This Property
| State | NY |
|---|---|
| County | Orange County |
| City | Newburgh |
| Zip Code | 12550 |
| School District | Newburgh Free Academy |
| Elementary School | Newburgh |
| High School | Newburgh Free Academy |
| Listing VS Median (in 12550) | |
Price: $549,999 low | high Med: $399,000 sqft: 5,400 low | high Med: 1,850 $ / sqft: $102 low | high Med: $216 On site: 102 low | high Med: 137 | |
