An excellent opportunity to acquire a high-demand, income-producing storage facility in the City of Newburgh, offering strong in-place occupancy and long-term utility. The building sits on a 100 sq ft lot, with a lawn area positioned behind and above the structure, offering added flexibility and potential ancillary use. The property abuts 19 Leroy Place, creating a rare opportunity for combined ownership or future strategic use.
The property features 10 separate storage units, with 9 currently rented, providing immediate cash flow and minimal operational overhead. Street-facing access ensures ease of use for tenants and supports continued demand for conveniently located storage in an urban residential setting.
As an added layer of value, the buyer of 19 Leroy Place will have first right of refusal before the acceptance of any individual offers on this property, allowing for thoughtful acquisition planning and portfolio expansion. See MLS #942016 for listing details on that property.
With strong occupancy, straightforward management, and adjacency to a residential income-producing asset, 335 North Montgomery Street represents a compelling low-maintenance investment with both immediate return and long-term optionality.