Restaurant Space with Walk-In
For Sale
Contact for pricing
118 Clinton Street #1, Montgomery, NY 12549
B-2 Village Business zoning supports restaurant, retail, office and personal service uses.
Property Size5,518 SF
Price / SF$0.58
Days on Market24
Property Features for 118 Clinton Street #1
General Information
Standard status
Active
Size
5,518 SF
Property subtype
Retail
Zoning
B-2
Additional Details
Floor
1
Road Access
Yes
Building Details
Year Built
1926
Listing Agency:
Keller Williams Realty
(845) 928-8000
Listed By:
Richard Baxter · License #10401254733
(845) 494-4715
Source:
Neilcharlesrealestate
Added: Oct 7
Changed: Oct 30
Last Checked: Oct 30 at 1:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty
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Investment Insights
Based on property information with market context.
This first-floor commercial unit offers 1,822 square feet arranged with a customer dining area, kitchen, built-in walk-in cooler, storage space and a separate rear washroom. The existing layout reflects its prior restaurant use and includes dedicated areas for dining and food preparation.
At 118 Clinton Street in Montgomery’s Historic District, the storefront sits one block from the Route 211 and Route 17K junction. Street parking is available, and a municipal parking area is located across the street. B-2 Village Business zoning allows uses that include restaurants, taverns, retail stores, professional offices and personal service businesses.
At 118 Clinton Street in Montgomery’s Historic District, the storefront sits one block from the Route 211 and Route 17K junction. Street parking is available, and a municipal parking area is located across the street. B-2 Village Business zoning allows uses that include restaurants, taverns, retail stores, professional offices and personal service businesses.
Key Highlights
- 1,822‑square‑foot first‑floor commercial unit
- Dining area, kitchen with built‑in walk‑in cooler, storage and separate rear washroom
- B‑2 Village Business zoning includes restaurant, tavern, retail, office and personal service uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,973
Suggested Prices Based on Cap Rates
Cap Rate 5%
$959,460
$959.5K
Cap Rate 7%
$685,329
$685.3K
Cap Rate 9%
$533,033
$533.0K
Market Conditions
NOI Build-Up for 5,518 SF
Gross rent
$66.2K $12.00/SF
− Vacancy
−$2.3K −$0.41/SF
EGI
$64.0K $11.59/SF
− OpEx
−$16.0K −$2.90/SF
NOI
$48.0K $8.69/SF
Area
Orange County, NY
Vacancy
3.40%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$959,460
Cap Rate 7%
$685,329
Cap Rate 9%
$533,033
Alternative Uses
Best Use
Retail
$959.5K
$839.5K – $1.12M
NOI $67,163 @ 7.0% cap · market cap 2,098.84%
Second Best
Specialty Retail
$685.3K
$599.7K – $799.6K
NOI $47,973 @ 7.0% cap · market cap 1,499.16%
Theoretical Best
Office A
$1.87M
$1.64M – $2.18M
NOI $130,822 @ 7.0% cap · market cap 4,088.19%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
343
Businesses Nearby
11k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Sunoco
Shops & Services
10,930 visits/mo
0.3 miles
Demographics for 12549, NY
10,349
Population
3,918
Households
2.6
Avg Household Size
42
Median Age
35%
College-Educated
93%
High-School Grad
38.7 sq mi
ZIP Area
267
Density / Sq Mi
$125,000
Median Household Income
$66,250
Median Earnings
$1,606
Median Rent
$377,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - B-2 Village Business zoning supports restaurant, retail, office and personal service uses.
Where is this conventional restaurant located?
The property is located at 118 Clinton Street #1 Montgomery, NY.
What are key features of this property?
This property features: 1,822‑square‑foot first‑floor commercial unit; Dining area, kitchen with built‑in walk‑in cooler, storage and separate rear washroom; B‑2 Village Business zoning includes restaurant, tavern, retail, office and personal service uses
