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$1,050,000

  • Sold
  • Closed
  • Commercial
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This is a Net Lease Investment with a Fortune 500 Company in an existing custom-designed laboratory building in Newburgh. Municipal water and sewer, natural gas and on-site storage tanks for argon, helium and nitrogen. Fully sprinkled with a pull station directly to the paid City Fire Department. The plan was custom designed for this particular type of laboratory use, it would cost over a one million dollars to replicate. The landlord pays taxes, insurance, landscaping and snow removal, tenant pays all else. Two years left on the existing lease with a monthly income of $13,000/month. Tenant has three five-year options which they may exercise. The annualized net income is $105,000.00 per year. This is a safe-haven real estate investment for those investors looking for a AAA tenancy without excessive management. This is an ideal investment diversification opportunity for the right investor.

Full Property Details for 315 Fullerton Ave

General

  • Sold For: $1,050,000
  • Taxes: $30,884
  • Status: Closed
  • Type: Commercial
  • Source: Long_Island
  • MLS ID: H6225585
  • Added to Site: 1, 132 day(s) ago

Additional Information

  • Improvements: The building improvements are unique to a lab with a very high amperage of 3-phase electric power for equipment. The tenant owns the equipment.

Location

  • County: Orange
  • Township: Newburgh
  • Development Name: Envirotest / Pace Labora
  • Subdivision: Envirotest / Pace Labora
  • Neighborhood: Newburgh
  • Driving Directions: 9W from I-84 South 1/8 mile to traffic light at North Street. Right onto North Street which becomes Fullerton Avenue at the 90-degree bend in the road. Proceed to next traffic light at Gidney Avenue, building is at the South-West corner of this intersection.

School Information

  • Elem School District: Newburgh
  • Midd School District: Newburgh
  • High School District: Newburgh

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Natural Gas, Forced Air
  • Heating Zones: 3

Utilities

  • Sewer: Public Sewer

Structural Information

  • Building Size: 6324
  • Year Built: 1986

Lot Features

  • Zoning: C-1

Financial Considerations

  • Tax Amount: $30,884

Disclosures and Reports

  • Inclusions: Air Filter System, Alarm System, Door Hardware, Light Fixtures, Mailbox, Wall to Wall Carpet
  • APN: 331100-006-000-0005-003.000-0000
  • Property ID: 331100-006-000-0005-003.000-0000

Listed by John J Lease REALTORS Inc
Sold by John J Lease REALTORS Inc

Listing agents

— 315 Fullerton Ave —

  • John J Lease REALTORS Inc

  • John J Lease REALTORS Inc

845-565-2800

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 315 Fullerton Ave

School District:Newburgh City School District
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 315 Fullerton Ave

Date
Details
Price
Change
Source
4/28/2023
Sold
$1,050,000
-4.55%
MLS
1/04/2023
Listed
$1,100,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by John J Lease REALTORS Inc
Sold by John J Lease REALTORS Inc

315 Fullerton Avenue, Newburgh, NY 12550 (MLS# H6225585) is a Commercial property that was sold at $1,050,000 on April 28, 2023. Want to learn more about 315 Fullerton Avenue? Do you have questions about finding other Commercial real estate for sale in Newburgh? You can browse all Newburgh real estate or contact a Coldwell Banker agent to request more information.