48 Farrington Street, Newburgh, NY

About 48 Farrington Street

A rare opportunity to acquire a substantial brick mixed-use property on a high-visibility corner lot, this building is currently undergoing a full gut renovation from the exterior walls in. Offering over 6,125 square feet across four levels, the property is designed to deliver both immediate income potential and long-term value for its new owner. On the street level, the building features two generous storefronts with outstanding exposure. Large windows, corner visibility, and flexible layouts make these commercial spaces ideal for retail, professional office, or service-oriented businesses. The storefronts are designed to attract tenants quickly, with updated systems and the ability to customize finishes. Above, the residential portion spans three floors. The second floor will hold two spacious 2-bedroom apartments, each designed with open layouts, ample windows, and modern amenities. On the third and fourth floors, you’ll find one apartment per level, each featuring 2 bedrooms plus a dedicated office space—a floor plan that’s especially appealing in today’s market where work-from-home lifestyles are the norm. These thoughtfully designed units will maximize rental demand and ensure strong occupancy rates. The renovation is comprehensive, incorporating modern building standards and systems throughout. Highlights include a full sprinkler system, fire escapes, and individual electric, gas, and heating systems for each unit, giving tenants autonomy and simplifying management for the owner. The exterior maintains its solid brick construction, while the interiors are being re-imagined for modern living and business use. Buyers have the unique opportunity to purchase now during the renovation—perfect for someone who wants to put their own finishing touches on the project—or acquire the building once renovations are complete. This flexibility makes it ideal for investors seeking to control cost, design, and timeline. Proximity to local amenities, transportation, and community hubs further enhances its desirability for both residential and commercial tenants. Whether your goal is to hold as a long-term income-producing asset, complete the project and quickly reposition it in the market, or customize it for mixed personal and investment use, this building offers flexibility and exceptional potential. Don’t miss the chance to acquire a property of this size, scope, and location with renovations already well underway.

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