218 DuPont Ave | Newburgh, NY 12550
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- LoopNet Team
218 DuPont Ave
Newburgh, NY 12550
NAPA AUTO PARTS · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Distribution Hub: This location serves dozens of traditional Napa locations throughout New York and Connecticut.
- Napa is located ½ mile from Interstate 84, allowing seamless transportation routes to the retail locations the building serves.
- Below Market Rents: Current market rents for this product type are over $12/SF while Napa is currently paying $4.94/SF.
- Recently Acquired: Formally an independent aftermarket parts distributor, the business at this location was acquired by Napa (Genuine Parts Company)
- surrounded by several high-profile companies including a Brand-New Tesla Distribution Center, Pepsi-Cola, CubeSmart Self-Storage ETC.
- With less than a year remaining on the lease and one, 1-year option afterwards, this provides an investor with significant upside potential.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Vehicle Repair Garage
Property Size
27,920 sq ft
Costar Property Class
B
Year Built
1950
Tenancy
Single
Number of Floors
1
Plot ratio
0.81
Total Plot Size
0.80 ac
Use Class
IND
Parking
14 Spaces (0.5 Spaces per 1,000 sq ft Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 331100-013-000-0003-048.100-0000 | Improvements Assessment | £609,647 |
| Land Assessment | £170,534 | Total Assessment | £780,181 |
PROPERTY TAXES
Parcel Number
331100-013-000-0003-048.100-0000
Land Assessment
£170,534
Improvements Assessment
£609,647
Total Assessment
£780,181
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