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NYS Route 300 - Freedom Road

6 Acres of Commercial Land Offered at $6,249,000 in New Windsor, NY 12553

Investment Highlights

  • 37,000 + cars daily
  • 1-4 miles to all major highways, airport and train.
  • Lake Washington adjacent and view
  • HC Zone provides most uses permitted in the Town.

Executive Summary

Positive cash flow property. Highway commercial zone offers the maximum type of commercial uses in the municipality. Prime corner lot investment opportunity. 1 to 3 miles to NY Stewart International Airport, NYS Thruway and Interstate I-84. 14 miles to West Point Military Academy, Angry Orchard or Woodbury Commons Premium Outlets. 21 miles to LEGOLAND. Last know traffic count was 37,000 cars per day. Retail sales and strip mall are other uses.

Financial Summary (Actual - 2024)

Annual Annual Per AC
Gross Rental Income $107,400 $17,900.00
Other Income - -
Vacancy Loss - -
Effective Gross Income $107,400 $17,900.00
Taxes $28,000 $4,666.67
Operating Expenses $10,000 $1,666.67
Total Expenses $38,000 $6,333.33
Net Operating Income $69,400 $11,566.67

Financial Summary (Actual - 2024)

Gross Rental Income
Annual $107,400
Annual Per AC $17,900.00
Other Income
Annual -
Annual Per AC -
Vacancy Loss
Annual -
Annual Per AC -
Effective Gross Income
Annual $107,400
Annual Per AC $17,900.00
Taxes
Annual $28,000
Annual Per AC $4,666.67
Operating Expenses
Annual $10,000
Annual Per AC $1,666.67
Total Expenses
Annual $38,000
Annual Per AC $6,333.33
Net Operating Income
Annual $69,400
Annual Per AC $11,566.67

Property Facts

Price $6,249,000
Sale Type Investment or Owner User
Sale Conditions
Ground Lease (Leasehold)
  • Ground Lease (Leased Fee)
  • Build to Suit
  • Bulk/Portfolio Sale
  • Lease Option
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Hospitality
  • Auto Dealership
  • Hotel
  • Medical
  • Warehouse
Total Lot Size 6.00 AC
Cross Streets Union Ave

1 Lot Available

Lot

Price $6,249,000
Price Per AC $1,041,500
Lot Size 6.00 AC

Listing intended for razing the 6 acre corner lakefront lot. Highway Commercial zone: hotel, warehouse, manufacturing, etc . Flat topography. Abuts Lake Washington. Owner has created concept site plans for 5 story hotel or 50k-100k SF warehouse.

Description

Set on the main artery NYS RTE 300 and County Route 69. Uses along RTE 300 include, business, professional office, storage, professional services, warehousing and distribution centers including Coca Cola and UPS, National Purple Heart Hall of Honor, Veterinary Hospital, Electrical Contractor warehouse, Professional offices, Restaurant, Deli, Heavy equipment parts supply, Rentals. The property uniquely abuts Lake Washington and can be seen from the property. USES INCLUDE: Retail stores and banks, Living quarters: for not more than 1 family located within each permitted commercial building on each lot for the use of the owner or caretaker of the permitted use or uses housed in such buildings. Service establishments furnishing consumer services but excluding gasoline stations and new or used motor vehicle sales, storage repair or services. Dry-cleaning establishments Personal service establishments Clubs, such as fraternal, social, political, etc. SUP Trailers for business, office Professional, business, executive, administrative, medical and veterinarian offices and buildings and commercial purposes not exceeding 6 months’ duration, Commercial production studios Mini warehouses, Newspaper and job printing, Used car sales, Places of public assembly, Any process of manufacturing, assembly or treatment which is clearly incidental to a retail business or service conducted on the premises SUP Used car sales Wholesale sales and incidental storage, provided that all goods shall be stored in fully enclosed structures in conformance with the bulk regulations for buildings Motor vehicle sales establishment for new motor vehicles. Used motor vehicles sales and repair and service garages shall be permitted only as accessory uses to new motor vehicle sales establishments located on the same site. In no case shall used car sales exceed 1/3 of the sales/display area. Eating and drinking places, including catering establishments Indoor and outdoor recreational facilities and structures; see § 300-19 for additional requirements. SUP Commercial dog or veterinary kennels; see § 300-23. Private schools and colleges and other education institutions, other than trade and technical schools SUP Building and construction material sales and storage with associated equipment storage and incidental servicing of equipment owned by the approved primary user. The Planning Board may require that any outside storage of materials or equipment must be surrounded by a fence or wall of an appropriate height and materials, with height not less than six feet nor more than 10 feet. Hotels and motels max height 12 inches per foot of distance to the nearest lot line Recreational motor vehicle and mobile home sales and accessory uses subject to the regulations of Chapter 193, Mobile Homes Buildings, structures and uses owned and operated by the Town of New Windsor and other essential services. Railroad, public utility, radio and television transmission antennas and rights-of-way

zoning

Zoning Code Highway Commercial (See link for HC Zone permitted uses. Broadest group of uses in the municipality. https://ecode360.com/attachment/NE0078/NE0078-300b%20HC.pdf)
Highway Commercial (See link for HC Zone permitted uses. Broadest group of uses in the municipality. https://ecode360.com/attachment/NE0078/NE0078-300b%20HC.pdf)
  • Listing ID: 21637182

  • Date on Market: 12/1/2020

  • Last Updated:

  • Address: NYS Route 300, New Windsor, NY 12553

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