0 Drillers Ln Montgomery, NY 12549

This exceptional industrial investment opportunity in Montgomery, NY, encompasses a substantial 4.04-acre lot with diverse structures and significant income potential. The property includes a 12,826 square foot industrial space, currently divided into two tenancies, both occupied and leased month-to-month. The main industrial building features a 40x60 garage with two 14-foot overhead doors, a concrete floor, an employee restroom, and a 450 square foot attached office. A second building offers a 3,800 square foot, three-bay garage with 16-foot ceilings and three 14-foot high drive-in overhead doors. A new pre-engineered steel building is planned for construction. Adding to the income stream is a 1,596 square foot, three-bedroom, two-bathroom ranch-style home with updated appliances, a fireplace, porch, decking, and a detached two-car garage. A 780 square foot apartment with a screened-in porch is located above the first garage. The property benefits from I-1 zoning, municipal water and sewer connections, and frontage on Bracken Road with access via Drillers Lane. The asking price is $2,200,000, translating to $171.53 per square foot. The property is available for occupancy on September 30, 2023. This well-maintained property offers ample space and a versatile layout suitable for various industrial uses, including truck/auto/equipment repair or similar businesses. The combination of industrial and residential rental income makes this a compelling investment opportunity.