1 Drillers Ln Montgomery, NY 12549
- Warehouses
- 2,688 SF
- 1.10 lot acres
Current Use by Public Records
- Warehouses
Property Details for 1 Drillers Ln
- Year built
- 1964
- Lot size
- 1.10 lot acres
- Property size
- 2,688 SF
- Zone code
- I1
- Property type
- Warehouses
- APN
- 334289 30-1-22.2
- APU
- 334289301222
Description
This exceptional Montgomery, NY investment property offers a unique blend of industrial and residential income streams. Situated on a 4.04-acre lot zoned I-1, the property includes a variety of buildings ideal for diverse uses. A 40x60 garage features two 14-foot overhead doors, a concrete floor, employee restroom, and a 450 sq ft attached office. Above the garage is a 780 sq ft apartment with a screened porch. Additionally, a modern 3-bay garage (3,800 sq ft) boasts 16-foot ceilings and three 14-foot high drive-in overhead doors. A new pre-engineered steel building is planned for construction. Ample paved parking is available. The property also includes a 1,596 sq ft updated ranch-style home with three bedrooms, two bathrooms, and a detached two-car garage. Both residential units are currently leased month-to-month, providing immediate rental income. The industrial buildings offer a 16-ton floor load capacity. This multifaceted property presents a compelling investment opportunity with significant potential for growth and return. The combination of industrial space and income-producing residential units creates a diversified and attractive investment portfolio. The I-1 zoning allows for a variety of industrial uses, including truck, auto, and equipment repair, or other related businesses.
Value Estimation
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CAP approach
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Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Montgomery
- County
- Orange
- State
- New York
- Longitude
- -74.1978
- Latitude
- 41.5207
- CBSA code
- 39100
- CBSA name
- POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA
