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    631 State Route 17 K, Unit 17K Montgomery, NY 12549

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    For Sale
    $1,300,000

    Mixed-use property featuring a restaurant and four apartments.

    Lot size:
    0.37 Acres

    Property Features for 631 State Route 17 K

    General Information

    Lot size
    0.37 Acres

    Building Details

    Year built
    1940

    Source: Picture It Sold, LLC Agent Angela Danosky

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Leased Restaurant & Income Apartments

    This mixed-use property presents an investment opportunity, featuring a fully leased restaurant and income-generating apartments. The sale includes all restaurant equipment. Above the restaurant are four apartments: two 2-bedroom units, one 1-bedroom unit, and one 4-bedroom apartment with a sunroom. The property includes newer septic and leach fields, and new windows.
    Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Pharmacy Auto Repair Shop Accounting Firm Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Orange
    State
    New York
    Longitude
    -74.1553384
    Latitude
    41.525229

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property featuring a restaurant and four apartments.
    Where is this mixed-use property located?
    The property is located at 631 State Route 17 K, Unit 17K Montgomery, NY.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: - Fully leased restaurant provides immediate and consistent rental income.; - Includes four income-producing apartments, featuring two 2-bedroom, one 1-bedroom, and a spacious 4-bedroom with sunroom, for diversified revenue streams.; - Prime, high-visibility location enhances business potential and property value.
    (845) 283-5494
    Request Owner's contact information
    631 State Route 17 K, Unit 17K 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
    631 State Route 17 K, Unit 17K Montgomery, NY 12549
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