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Mixed-Use Property with Restaurant
For Sale
$1,300,000

631 State Route 17k Montgomery, Ny, NY 12549

Four apartment units sit above a leased restaurant with included equipment.

Property Size7,720 SF
Price / SF$168.39
Days on Market47

Property Features for 631 State Route 17k Montgomery

General Information

Standard status Active
Size 7,720 SF
Occupancy 100%

Additional Details

Equipment Included Yes

Taxes and HOA fees

Annual Taxes $8,598

Amenities

2
No
Well
Parking Lot
7720

Building Details

Building Size 7,720 SF
Year Built 1940
Stories 2
Listing Agency: PICTURE IT SOLD, LLC
Listed By: Mohammed Amran
Source: Parkassets
Added: Jul 17 Changed: Aug 31 Last Checked: Aug 31 at 1:03PM

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 PICTURE IT SOLD, LLC

Investment Insights

Based on property information with market context.

This mixed-use property combines a restaurant with four residential apartments positioned above it. The restaurant is leased on a long-term basis, and the sale includes the equipment used in the operation. The apartment mix includes two two-bedroom units, one one-bedroom unit, and one four-bedroom unit with a sunroom.

Property improvements include newer septic and leach-field systems along with new windows. Located at 631 State Route 17k in Montgomery, New York, the property brings together commercial and residential components within one asset.

Key Highlights

  • Leased restaurant with a long‑term lease
  • Restaurant equipment included in the sale
  • Four apartments: two 2‑bedroom, one 1‑bedroom, and one 4‑bedroom unit

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Nursing Home Pet Grooming Service Veterinary Clinic (Bike/Boat/Book/etc) Store Buffet

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy

Location Intelligence

Trade Area within ½ mile

7,605
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 Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Four apartment units sit above a leased restaurant with included equipment.
Where is this mixed-use property located?
The property is located at 631 State Route 17k Montgomery Ny, 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: Leased restaurant with a long‑term lease; Restaurant equipment included in the sale; Four apartments: two 2‑bedroom, one 1‑bedroom, and one 4‑bedroom unit
More about this property
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