Prime Retail Corner
605 NY-17K, Montgomery, NY 12549
Commercial property on Route 17K with income potential.
Type:Retail
Property size:
6,250 SFPrice / SF:
$144/SF- Added:
- Jun 18, 2024
- Days on Market:
- 715
- Last Refresh:
- May 12 at 9:32 pm
Property Features for 605 NY-17K
General Information
- Standard status
- Active
- Size
- 6,250 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1965
Listing agent Larry Curasi License #10311206618
Listing office Curasi Realty
Listing date Jun 18, 2024
Source Crexi
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 Curasi Realty
HighLights
- Prime corner lot location with excellent frontage on Route 17K.
- Significant potential for retail and service businesses.
- Approximately 2,600 SF of space available for new tenants or owner use.
- Current long‑term tenants provide steady income.
- High visibility and easy access attract significant traffic.
- Close to local amenities.
Overview
This commercial property presents an investment opportunity with a prime corner lot location and frontage on Route 17K in Montgomery. The property, suitable for owner-occupants or investors, offers potential for retail and service businesses. Part of the building is currently leased to long-term tenants, providing income. Approximately 2,600 square feet of space is available for new tenants or owner use. The property benefits from high visibility and easy access on Route 17K, attracting traffic. Its proximity to local amenities makes it suitable for various commercial uses. The property has a size of 6,250 square feet.
Local Financial Insights For Retail
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 | $112.5k | $18.00 |
| − Vacancy | −$3.8k | −$0.61 |
| EGI | $108.7k | $17.39 |
| − OpEx | −$32.6k | −$5.22 |
| NOI | $76.1k | $12.17 |
6,250 SF · lease $18.00/SF/yr · vacancy 3.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.09M
$950.9K – $1.27M
NOI $76,073 @ 7.0% cap · market cap 8.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.12M
$1.85M – $2.47M
NOI $148,176 @ 7.0% cap · market cap 16.46%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Montgomery
- County
- Orange
- State
- New York
- Longitude
- -74.2881
- Latitude
- 41.5439
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Commercial property on Route 17K with income potential.
Where is this retail space located?
The property is located at 605 NY-17K Montgomery, NY.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Prime corner lot location with **excellent frontage on Route 17K**.; Significant potential for retail and service businesses.; Approximately **2,600 SF of space available** for new tenants or owner use.
