Nine-Bay Flex Industrial
For Sale
$1,750,000
66-68 Ward Street, Montgomery, NY 12549
Three shop spaces provide varied bay configurations, office areas, and storage.
Property Size6,560 SF
Price / SF$266.77
Days on Market593
Property Features for 66-68 Ward Street
General Information
Standard status
Active
Size
6,560 SF
Property subtype
Commercial
Zoning
I2
Additional Details
Gross Income
$108,000
Road Access
Yes
Office Build-Out
256 SF
Tenant in Place
Yes
Property Use
Industrial
Taxes and HOA fees
Annual Taxes
$10,427
Building Details
Building Size
6,560 SF
Buildings
2
Stories
2
Units
3
Listing Agency:
Cronin & Company Real Estate
(845) 744-6275
Listed By:
Frank Muccari
(845) 494-3678
Source:
Croninreale
Added: Mar 12, 2025
Changed: Oct 23
Last Checked: Oct 23 at 3:13PM
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
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Investment Insights
Based on property information with market context.
This flex industrial property comprises two buildings with 6,560 square feet across three shop spaces and nine bays. The 3,000-square-foot main shop includes three 14-foot doors, a 16-by-16-foot office, a bathroom, and second-level storage. A 2,160-square-foot shop area has two 14-foot doors and two 12-foot doors. The 1,350-square-foot upper street-level space includes two 12-foot doors and an office. The site contains just under three-quarters of an acre and is zoned I2.
At 66-68 Ward Street, the property is positioned at the entrance to the Village of Montgomery on Route 17K, next to Wards Bridge. The site is described as riverfront and includes a large rear parking area.
At 66-68 Ward Street, the property is positioned at the entrance to the Village of Montgomery on Route 17K, next to Wards Bridge. The site is described as riverfront and includes a large rear parking area.
Key Highlights
- 6,560 square feet across two buildings and three shop spaces
- Nine total shop bays
- 3,000‑square‑foot main shop with three 14‑foot doors, a 16'x16' office, bathroom, and second‑level storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,478
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,529,560
$1.5M
Cap Rate 7%
$1,092,543
$1.1M
Cap Rate 9%
$849,756
$849.8K
Market Conditions
NOI Build-Up for 6,560 SF
Gross rent
$123.6K $18.84/SF
− Vacancy
−$5.9K −$0.90/SF
EGI
$117.7K $17.94/SF
− OpEx
−$41.2K −$6.28/SF
NOI
$76.5K $11.66/SF
Area
Orange County, NY
Vacancy
4.80%
Lease Rate
$18.84 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,529,560
Cap Rate 7%
$1,092,543
Cap Rate 9%
$849,756
Alternative Uses
Best Use
Flex RnD
$1.09M
$956.0K – $1.27M
NOI $76,478 @ 7.0% cap · market cap 4.37%
Second Best
Industrial
$764.4K
$668.9K – $891.9K
NOI $53,511 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$2.22M
$1.94M – $2.59M
NOI $155,526 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
337
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
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
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Hudson Valley Cotton Candy — 218 Boyd St SUITE 645, Montgomery, NY 12549
Frequently Asked Questions
What type of property is this?
Flex space - Three shop spaces provide varied bay configurations, office areas, and storage.
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: 6,560 square feet across two buildings and three shop spaces; Nine total shop bays; 3,000‑square‑foot main shop with three 14‑foot doors, a 16'x16' office, bathroom, and second‑level storage
