70 Pleasant Hill RD, New Windsor, NY 12553
70 Pleasant Hill RD, New Windsor, NY 12553
70 Pleasant Hill RD, New Windsor, NY 12553
70 Pleasant Hill RD, New Windsor, NY 12553
70 Pleasant Hill RD, New Windsor, NY 12553
70 Pleasant Hill RD, New Windsor, NY 12553
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$ 7,250,000
Est. payment | /mo

4.9 Acres Lot


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$ 7,250,000
Est. payment | /mo
Save

4.9 Acres Lot

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

MLS Listing ID 969964

Rental Info No

Year Built 1985

Annual Tax Amount $46,576

Lot Size 4.900 Acres

Acres 4.9

Property Sub-Type Office

Source onekey2

Property Description

Fully leased commercial investment opportunity in desirable Cornwall, NY adjacent and visible from I87/NYS Thruway. The Class A office building is 100% occupied by a long-term commercial tenant (Tectonic Engineering Headquarters) who leases the entire 3 story building through a NNN lease that runs thru October 31, 2029 with built in increases and a 5 year option to extend. Tenant reimburses the landlord for real estate taxes, insurance, and maintenance, creating a strong net-lease income structure. The tenant is also responsible for garbage service, building and septic maintenance, and lawn care/snow removal, resulting in minimal landlord responsibilities which are limited to roof, structure, parking lot and HVAC replacement (new HVAC currently being installed). Additional passive revenue is generated from two longterm rooftop cell tower leases with major telecommunications carriers, Verizon and TMobile, providing stable supplemental income with annual lease increases. The total reported net operated income for 2025 was $478,752 reflecting a cap rate of 6.6%. 2026 proforma NOI is $490,658 reflecting an increase to a 6.8% cap rate. Future annual rental projection documents and leases require a signed NDA.
Recent capital improvements include a new HVAC system currently being installed by the landlord and a roof replacement completed two years ago, enhancing the property's long-term reliability and minimizing deferred maintenance expense.
Future expansion-Situated on a sizable parcel with potential for a 10000 sq ft building expansion subject to zoning approvals, the property offers future upside in addition to its existing income stream. A rare opportunity to acquire a stable, income-producing commercial asset with long-term tenancy and multiple revenue sources in a strong Hudson Valley market.

Location

State NY

County Orange County

Rooms

Basement Partially Finished

Interior

Heating Forced Air, Oil

Cooling Central Air

Flooring Carpet, Ceramic Tile

Fireplace No

Exterior

Parking Features Parking Lot

Utilities Available Cable Connected, Electricity Connected, Phone Connected

Total Parking Spaces 95

Building

Lot Description Cleared, Level

Story 3

Foundation Other

Sewer Septic Tank

Water Private

Structure Type Other

Schools

High Schools Cornwall

School District Cornwall

Others

Special Listing Condition None

OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS
Listed by Keller Williams Hudson Valley • Jason L McGovern

Nearby Locations

Dominick DiFilippo

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(914) 481-2223

hello@empireteam.com

625 US-6, Mahopac, NY, 10541-4794, USA

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70 Pleasant Hill RD