605 State Route 17 KMontgomery, NY 12549

Property Details for 605 State Route 17 K

Year built

1965

Lot size

1.16 AC

Property size (Sq ft)

6,250 SF

Zone code

B4

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

334289 27-6-4

APU

3342892764

Description

This exceptional 6,250 square foot retail property presents a compelling investment opportunity in Montgomery, NY. Situated on a highly visible 1.16-acre corner lot with excellent frontage on State Route 17K, this property boasts significant traffic flow and easy accessibility. A portion of the building is currently leased to long-term tenants, generating consistent rental income. Approximately 2,600 square feet of space is immediately available for lease to new tenants or for owner-occupancy, offering flexibility for a variety of commercial uses. The property's prime location near local amenities further enhances its appeal to a wide range of businesses. This versatile commercial asset is ideal for both owner-operators seeking a strategic location and investors looking to diversify their portfolio with a property offering both immediate income and significant long-term growth potential. The high visibility and convenient access on Route 17K ensure strong exposure and attract a substantial customer base. This is a rare opportunity to acquire a well-positioned retail property in a thriving area. The asking price is $900,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,552,597

  6.5%

  $1,433,166

  7%

  $1,330,797

• Comparable approach

  Method

  Valuation

  Relative Method

  $822,114

  Geo Method

  $816,625

• Alternative Use

  Use

  Valuation

  Residential

  $1,777,126

  Hospitality

  $1,627,838

  Educational

  $1,354,342

  Medical

  $1,400,920

  Retail

  $2,106,754

Location Insight

City

Montgomery

County

Orange

State

New York

Latitude

41.5253

Longitude

-74.1534

CBSA code

39100

CBSA name

POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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