Riverfront Industrial Flex
68-66 Ward St Montgomery, NY 12549
68-66 Ward St, Montgomery, NY, 12549
$1,750,000
For Sale
$1,750,000
Two-building industrial/flex site with multiple bays, including 14' and 12' loading doors and rear parking.
Property Size6,510 SF
Price / SF$268.82
Days on Market498
Property Features for 68-66 Ward St
General Information
- Standard status
- Active
- Size
- 6,510 SF
Listing agency
Cronin & Company Real Estate
(845) 744-6275
Listed by
Frank Muccari
(845) 744-6275
Source
Exprealty
Added: Mar 12, 2025 Updated: Jul 22 at 1:23AM Checked: Jul 22 at 8:58AM
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 Cronin & Company Real Estate
Investment Insights
Based on property information with market context.
This riverfront industrial flex property includes two buildings with a total of three shop spaces and nine total bays of shop area. The main shop spans approximately 3,000 square feet and features three 14' doors, an office (16' x 16'), a bathroom, and second-level storage. A second shop area offers approximately 2,160 square feet with two 14' doors and two 12' doors. An upper street-level shop provides approximately 1,350 square feet with two 12' doors and an office.
The site is set on just under three quarters of an acre and includes a large rear parking area suitable for staff and equipment. The property is described as being at the entrance to the Village of Montgomery on Route 17K, next to Wards Bridge, supporting convenient access and high visibility.
The property is described as having recent upgrades and being well-maintained and renovated. It is identified as adaptable for multiple commercial uses and is listed with I2 zoning in the marketing remarks.
The site is set on just under three quarters of an acre and includes a large rear parking area suitable for staff and equipment. The property is described as being at the entrance to the Village of Montgomery on Route 17K, next to Wards Bridge, supporting convenient access and high visibility.
The property is described as having recent upgrades and being well-maintained and renovated. It is identified as adaptable for multiple commercial uses and is listed with I2 zoning in the marketing remarks.
Key Highlights
- Two‑building industrial/flex site with 6,500+ total SF and 9 total bays of shop space
- Main shop: 3,000 SF with three 14' doors, 16' x 16' office, bathroom, and second‑level storage
- Second shop area: 2,160 SF with two 14' doors and two 12' doors
Local 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
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
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 - Two-building industrial/flex site with multiple bays, including 14' and 12' loading doors and rear parking.
Where is this flex space located?
The property is located at 68-66 Ward St 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: Two‑building industrial/flex site with 6,500+ total SF and 9 total bays of shop space; Main shop: 3,000 SF with three 14' doors, 16' x 16' office, bathroom, and second‑level storage; Second shop area: 2,160 SF with two 14' doors and two 12' doors
