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    1 Drillers Ln Montgomery, NY 12549

    For Sale
    $2,200,000

    4.04 Acres, Multiple Buildings, High Income Potential

    Property size:
    12,826 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional Montgomery, NY investment property offers a unique blend of industrial and residential income streams. Situated on a 4.04-acre lot zoned I-1, the property includes a variety of buildings ideal for diverse uses. A 40x60 garage features two 14-foot overhead doors, a concrete floor, employee restroom, and a 450 sq ft attached office. Above the garage is a 780 sq ft apartment with a screened porch. Additionally, a modern 3-bay garage (3,800 sq ft) boasts 16-foot ceilings and three 14-foot high drive-in overhead doors. A new pre-engineered steel building is planned for construction. Ample paved parking is available. The property also includes a 1,596 sq ft updated ranch-style home with three bedrooms, two bathrooms, and a detached two-car garage. Both residential units are currently leased month-to-month, providing immediate rental income. The industrial buildings offer a 16-ton floor load capacity. This multifaceted property presents a compelling investment opportunity with significant potential for growth and return. The combination of industrial space and income-producing residential units creates a diversified and attractive investment portfolio. The I-1 zoning allows for a variety of industrial uses, including truck, auto, and equipment repair, or other related businesses.

    Property Features for 1 Drillers Ln

    General Information

    Property type
    Industrial properties
    Square Feet
    12,826 SF
    Lot Size
    175,982 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Hair Salon Wholesale Shop Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Orange County
    State
    New York
    Longitude
    -74.19782
    Latitude
    41.52052

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    FAQs

    What type of property is this?
    Industrial property - 4.04 Acres, Multiple Buildings, High Income Potential
    Where is this industrial property located?
    The property is located at 1 Drillers Ln Montgomery, NY.
    What is the asking price?
    The asking price for this property is $2,200,000.
    (845) 610-6065
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    1 Drillers Ln Montgomery, NY 12549
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1 Drillers Ln Montgomery, NY 12549
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