Multi-Bay Industrial Flex
66-68 Ward Street Montgomery, NY 12549
For Sale
$1,750,000
COMMERCIAL - Montgomery, NY
Property Size6,510 SF
Lot Size0.68 Acres
Price / SF$268.82
Days on Market499
Property Features for 66-68 Ward Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- I2
- Standard status
- Active
- APN
- 334203-202-000-0001-001.000-0000
- Lot size
- 0.68 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 10427
Utilities
- Utilities
- Natural Gas Available
- Sewer type
- Public Sewer
- Water source
- Public
- Water front features
- Waterfront, River Access, River Front
- Water front
- 1
Building Details
- Floors in Building
- 2
- Number of units
- 3
- Building materials
- Block
Listing Agency:
Cronin & Company Real Estate
(845) 744-6275
Listed By:
Frank Muccari
(845) 494-3678
Added: Mar 12, 2025
Changed: Jul 13
Last Checked: Jul 23 at 2:06PM
MLS# 833668
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This industrial flex property includes two buildings offering a total of nine bays of shop space, with over 6,500 square feet combined. The main shop area spans 3,000 square feet and features three 14' overhead doors, a 16' x 16' office, a bathroom, and second-level storage. The second shop area totals 2,160 square feet with two 14' doors and two 12' doors. An upper street-level shop provides 1,350 square feet with two 12' doors and an office.
The property is identified as being located at the entrance to the Village of Montgomery on Route 17K, next to Wards Bridge, supporting straightforward visibility and accessibility. It sits on 0.6823 acres and includes a large rear parking area.
Zoning is listed as I2, and the site is described as adaptable for multiple commercial uses. Recent upgrades and renovations are noted in the remarks.
The property is identified as being located at the entrance to the Village of Montgomery on Route 17K, next to Wards Bridge, supporting straightforward visibility and accessibility. It sits on 0.6823 acres and includes a large rear parking area.
Zoning is listed as I2, and the site is described as adaptable for multiple commercial uses. Recent upgrades and renovations are noted in the remarks.
Key Highlights
- Over 6,500 total SF across two buildings/three spaces with shop, office, and storage areas
- 9 total bays of shop space: Main shop 3,000 SF with three 14' doors plus 16'x16' office
- Second shop area 2,160 SF with two 14' doors and two 12' doors; upper street‑level shop 1,350 SF with two 12' doors
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $122.6k | $18.84 |
| − Vacancy | −$5.9k | −$0.90 |
| EGI | $116.8k | $17.94 |
| − OpEx | −$40.9k | −$6.28 |
| NOI | $75.9k | $11.66 |
6,510 SF · lease $18.84/SF/yr · vacancy 4.80% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.08M
$948.7K – $1.26M
NOI $75,895 @ 7.0% cap · market cap 4.34%
Second Best
Warehouse
$921.2K
$806.0K – $1.07M
NOI $64,483 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$2.20M
$1.93M – $2.57M
NOI $154,340 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar Off Market Nearby
- Hudson Valley Cotton Candy — 218 Boyd St SUITE 645, Montgomery, NY 12549
FAQs
What type of property is this?
Flex space - Industrial flex property with nine shop bays across two buildings, featuring multiple overhead doors and office space.
Where is this flex space located?
The property is located at 66-68 Ward Street Montgomery, NY.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Over 6,500 total SF across two buildings/three spaces with shop, office, and storage areas; 9 total bays of shop space: Main shop 3,000 SF with three 14' doors plus 16'x16' office; Second shop area 2,160 SF with two 14' doors and two 12' doors; upper street‑level shop 1,350 SF with two 12' doors
