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1663 Route 300 4,160 SF Vacant 4-Star Retail Building Newburgh, NY 12550 $3,488,000 CAD ($838.46 CAD/SF)

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INVESTMENT HIGHLIGHTS

  • 1663 NYS Route 300 is a premier investment opportunity, prominently located on a 1-acre lot at the intersection of NYS Route 300 and NYS Route 32.
  • Benefit from ample surface parking for over 40 vehicles with easy access to major highways, including the New York State Thruway and Route 84.
  • Secure a high-impact, high-traffic true marquee corner in a thriving commercial corridor with unrivaled exposure to over 25,000 vehicles per day.
  • Well-maintained 4,160-square-foot building featuring a successful 60-seat Italian restaurant and two income-generating residential apartments.
  • High-traffic location surrounded by nearly 74,000 residents within 5 miles, representing an average household income of over $103,750 annually.
  • Take advantage of highly flexible tailored financing opportunities such as owner financing and ground lease options for qualified buyers.

EXECUTIVE SUMMARY

1663 NYS Route 300 is a 4,160-square-foot commercial asset for sale on a highly visible 1-acre corner lot in Newburgh, New York. Home to a successful 60-seat Italian restaurant, the property delivers a strong foundation for operators seeking a turnkey space with built-in versatility.

The building’s efficient layout, featuring a spacious dining area, full commercial kitchen, office space, storage rooms, bathrooms, and parking for over 40 vehicles, supports a wide range of concepts. Perfect for multiple uses across retail, professional services, franchise operations, launching a flagship retail location, office, or service-based businesses. With two residential apartments generating additional income and flexible deal structures available, including owner financing and ground lease options, this asset offers a rare opportunity to secure a high-impact location with exceptional long-term growth potential.

1663 NYS Route 300 is situated at the signalized intersection of NYS Route 300 and NYS Route 32, two major thoroughfares featuring dedicated turn lanes that offer unrivaled exposure to approximately 25,000 daily vehicles. This strategic position in a true marquee corner supports both branding and operational efficiency. The surrounding area offers a diverse mix of attractions and essential amenities, including Chadwick Lake Park, Resorts World Casino, and Stewart International Airport.

Major corridors such as the New York State Thruway and Route 84 offer great connectivity, while Metro-North Railroad’s Beacon station, just 6.9 miles away. Nearby retailers, including Sunoco and Dunkin’, add consistent foot and vehicle traffic. With nearly 74,000 residents living within a 5-mile radius and average household incomes exceeding $103,750 annually, the area offers an appealing demographic profile for operators seeking to capture a strong and stable customer base.

Set within a thriving commercial corridor, 1663 NYS Route 300 benefits from a dynamic regional market. The neighborhood’s continuous growth, coupled with high traffic counts and strong spending power, positions the property as a strategic investment for operators seeking a marquee address with enduring appeal. 1663 NYS Route 300 offers a compelling foundation for future success and stands ready to support the next chapter of commercial activity in one of Newburgh’s most desirable corridors.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,160 SF
Building Class
B
LoopNet Rating
4 Star
Year Built/Renovated
1985/2012
Price
$3,488,000 CAD
Price Per SF
$838.46 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.10
Lot Size
1.00 AC
Zoning
B
Parking
40 Spaces (9.62 Spaces per 1,000 SF Leased)
Frontage
346’ on NY-300

AMENITIES

  • Corner Lot
  • Dedicated Turn Lane
  • Restaurant
  • Signage
  • Signalized Intersection
  • Air Conditioning

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
2,185
24,435
73,787
123,539
2029 Population
2,237
24,997
74,745
125,121
2024-2029 Projected Population Growth
2.4%
2.3%
1.3%
1.3%
Median Age
42.3
42.9
38.6
39.9
College Degree + Higher
26%
31%
28%
17%
Daytime Employees
1,318
8,742
33,372
52,066
Total Businesses
178
1,096
3,747
6,254
Average Household Income
$110,444
$121,003
$103,755
$106,159
Median Household Income
$94,629
$105,048
$84,348
$85,757
Total Consumer Spending
$28.6M
$333.7M
$864.5M
$1.5B
2024 Households
768
8,827
26,497
45,894
Average Home Value
$307,496
$325,749
$320,739
$331,439
$ values in USD

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
334600-014-000-0001-046.221-0000
Land Assessment
$67,515 CAD
Improvements Assessment
$182,670 CAD
Total Assessment
$250,184 CAD
  • Listing ID: 35093288

  • Date on Market: 2025-03-11

  • Last Updated:

  • Address: 1663 Route 300, Newburgh, NY 12550

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