Technical
Financial
Distress signals
Property profile

110 Bracken Rd Montgomery, NY 12549

OFF-MARKET
Office Spaces
20,000 SF 2 ac lot
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Property summary

AI-generated overview

This exceptional commercial property, located at 110 Bracken Rd, Montgomery, NY, presents a unique investment opportunity. The 20,000 square foot building sits on approximately 2 acres of land and boasts approximately 40 parking spaces. Previously utilized as a lighting manufacturer and distribution center, this two-story structure offers significant potential for redevelopment or repurposing. Currently zoned Industrial 1, the property is subject to a pending subdivision from a larger parcel owned by the Town of Montgomery. The sale includes the building and the approximately 2-acre lot. While the current zoning is Industrial 1, the Town of Montgomery is receptive to proposals for alternative uses, subject to approval by the Town Board and/or Zoning Board. This flexibility allows for a wide range of potential development scenarios, making this property an attractive option for investors seeking a versatile and strategically located asset. The building's substantial size and ample parking provide a solid foundation for a variety of commercial ventures. The property's history as a manufacturing and distribution facility suggests strong structural integrity and potential for adaptation to modern business needs. This is a rare opportunity to acquire a significant commercial property in a growing area with considerable development potential. The property's location in Montgomery, NY, offers convenient access to major transportation routes and a thriving local economy. Serious inquiries are encouraged. The asking price is $1,250,000.

Property profile

Verified
Property type Office Spaces
Total area 20,000 SF
Lot 2 ac (87,120 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • City Government Office
  • City Government Office
  • City Courthouse
  • IT Consulting Firm
  • Department Of Public Safety

Location

110 Bracken Rd Montgomery, NY 12549
Montgomery metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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