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190 Broadway is aretail property for lease in Port Ewen, NY. The property currently has 1 retail space for lease and is marketed by Ulster County Economic Development Alliance.
Best retail building in Port Ewen, with 300 feet of prime Broadway frontage, corner location, excellent visibility, and daily traffic counts of 13,000. Main building is approximately 15,000 square feet. The 7 ground floor retail spaces are 100% occupied. Second floor of main building includes finished office space, raw space, and 3 apartments - significant upside potential. Property also includes three residential buildings with a total of 6 units, all occupied - reliable cash flow. 1.02 acre site and flexible BC zoning presents outstanding redevelopment opportunities. With approximately 18,000 square feet of total area, very attractive $ PSF investment value. Going in Cap Rate of 8.2% can increase to 19% with repositioning of asset. See full brochure in "Associated Docs" (The "D" tab below the map).
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