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Villa Italia 1663 NY-300 Rt 1 Acre of Commercial Land for Lease in Newburgh, NY 12550

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HIGHLIGHTS

Large corner property with high visibilty
Improvements already in place as a restaurant and two apartments

Located in a thriving residential community

LOT AVAILABLE

Display Rental Rate as

Rental Rate	$4.55 CAD/SF/YR $0.38 CAD/SF/MO $198,272 CAD/YR $16,523 CAD/MO	Lot Size	1.00 AC
Lease Term	Negotiable

Rental Rate	$4.55 CAD/SF/YR $0.38 CAD/SF/MO $198,272 CAD/YR $16,523 CAD/MO
Lease Term	Negotiable
Lot Size	1.00 AC

One acre corner parcel available for Land Lease, Building Lease OR For Sale. The property would make a great location for a fast food/fast casual restaurant, pharmacy or other potential businesses such as offices, retail, health club, school etc. Check on B Zoning in the Town of Newburgh for your specific use.
The present restaurant can also be Leased and there are two income producing apartments upstairs generating $2,800/month. The building is in excellent condition.
In it's present form, there is parking for over 50 vehicles and the restaurant seats 60. There are two large ranges, a pizza oven, a walk-in unit, grill, broiler, fryer and steam table. The present owner has operated this Italian restaurant for over 30 years.

PROPERTY OVERVIEW

Prime, level corner lot with improvements. All utilities are connected. Newer septic system and 3 separate electric meters. The property is very well maintained and provides excellent visibility from the high traffic cross roads. Lease as is, also available as a Land Lease.

PROPERTY FACTS

Total Space Available	1.00 AC	Proposed Use	Commercial Retail Office Apartment Units Daycare Centre Drugstore Fast Food Health Club Restaurant Schools
Property Type	Land	Cross Streets	NY RT 32
Property Subtype	Commercial

Total Space Available	1.00 AC
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Retail Office Apartment Units Daycare Centre Drugstore Fast Food Health Club Restaurant Schools
Cross Streets	NY RT 32