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Dual-Building Office Compound with ADA Access
For Sale
$649,999

2300 State Route 208 State Route 208 #2288 & 2290, Montgomery, NY 12549

Two office buildings on SR 208 with ADA-compliant access, reception areas, private offices, and flexible space configurations.

Property Size3,564 SF
Lot Size1.00 Acre
Price / SF$182.38
Days on Market58

Property Features for 2300 State Route 208 State Route 208 #2288 & 2290

General Information

Standard status Active
Size 3,564 SF
Lot size 1.00 Acre
Property subtype Commercial
Zoning B-2

Additional Details

Highway Access Yes

Building Details

Year Built 1999
Listing Agency: KELLER WILLIAMS REALTY
Listed By: RICHARD BAXTER · License #10401254733
Source: Corcoran
Added: Jun 4 Changed: Jul 6 Last Checked: Jul 30 at 7:11AM

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

Investment Insights

Based on property information with market context.

This property is a dual-building office compound totaling 3,564 square feet. The main (beige) two-story building includes a ground-floor administrative hub with built-in wrap-around counters, a sliding glass pass-through window, extensive built-in workspaces, a kitchenette, private offices, and an accessible bathroom with a pedestal sink and ADA-compliant grab bar. The upper level offers generously sized private offices, an open-concept room suitable for bullpen, training, or a central conference function, and an executive suite with glass-paneled French doors and sliding glass doors to a private wooden deck. The upper level also includes an additional extended closet for secure document storage and two bathrooms. A full basement provides additional shared storage.

A separate 1,264-square-foot brown, single-level building is described as a former medical facility with a dedicated ADA-compliant wooden entrance ramp. The layout includes a reception and waiting area, kitchenette, a centralized office workspace, four private exam rooms or meeting spaces, and an additional bathroom, along with its own private basement for supplemental storage. The property is situated on a high-visibility one-acre lot with access right on State Route 208 and dual entry/exit points.

Zoned within the B-2 District, the site is described as supporting multiple professional office and personal-service uses, as well as multi-tenant flex arrangements. With onboard ADA features, distinct reception areas, and multiple office and meeting configurations across two buildings, the compound can accommodate a single-owner operation or multi-tenant setup under one controlled property footprint.

Key Highlights

  • Dual‑building commercial property built in 1999 with 2,300 SF main building plus 1,264 SF former medical facility
  • Located on State Route 208 corridor with dual entry/exit points for convenient traffic flow
  • Main building includes reception, kitchenette, private offices, accessible bathroom, and built‑in wrap‑around counters and workspaces

Financial Insights For Office B

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 $95.8k $26.88
− Vacancy −$16.3k −$4.57
EGI $79.5k $22.31
− OpEx −$19.9k −$5.58
NOI $59.6k $16.73
3,564 SF · lease $26.88/SF/yr · vacancy 17.00% · expense 25.00%

Alternative Uses

Best Use
Healthcare Medical
$905.3K
$792.2K – $1.06M (±1% cap)
NOI $63,372 @ 7.0% cap · market cap 9.75%
Second Best
Office B
$851.9K
$745.5K – $993.9K (±1% cap)
NOI $59,636 @ 7.0% cap · market cap 9.17%
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M (±1% cap)
NOI $84,496 @ 7.0% cap · market cap 13.00%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Office buildings

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

11
Businesses Nearby

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

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Two office buildings on SR 208 with ADA-compliant access, reception areas, private offices, and flexible space configurations.
Where is this office building located?
The property is located at 2300 State Route 208 State Route 208 #2288 & 2290 Montgomery, NY.
What is the asking price?
The asking price for this property is $649,999.
What are key features of this property?
This property features: Dual‑building commercial property built in 1999 with 2,300 SF main building plus 1,264 SF former medical facility; Located on State Route 208 corridor with dual entry/exit points for convenient traffic flow; Main building includes reception, kitchenette, private offices, accessible bathroom, and built‑in wrap‑around counters and workspaces
More about this property
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