3471 SF of Retail Space in Newburgh NY

84 N Plank Rd North Plank Road Newburgh, NY 12550

Property Type:
Neighborhood Center
Please Call Broker for Price

Cap Rate:
Last Verified:
Jan 24, 2024

Join Walgreens in an end cap unit at 84 North Plank Road (AKA Route 32) in Newburgh NY. Other area retailers include Market 32, Advance Auto Parts, Big Lots, Dollar Tree, KFC and Planet Fitness. Traffic counts average 13,500 vehicles per day. The former bank building has 3 drive-thru lanes, which would be perfect for a variety of uses. The premises are available as a sublease which runs through 9/29/2029 with the potential to make a direct deal with the landlord. The space is in excellent condition, has central HVAC, a kitchenette, and private bathrooms.

Map of 84 N Plank Rd North Plank Road , Newburgh, NY, 12550

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.