Property summary
This exceptional 7,499 square foot auto shop, located at 1005 Route 9W in Fort Montgomery, NY, presents a unique investment opportunity. The property, built in 1970 and renovated in 1989, sits on a 0.402-acre lot and boasts a two-story building with one unit. Currently configured as a fully operational garage with a repair shop, sales center, and paint booth, it offers significant versatility. Previous use as a cafe demonstrates adaptable zoning. The permitted zoning (B) allows for auto sales, food service, mixed office/retail, and warehouse uses. High visibility on busy Route 9W, between Bear Mountain and Storm King Mountain, ensures excellent customer traffic. The property features existing infrastructure ready for immediate use. The asking price is $989,000 ($132/sq ft), with annual taxes approximately $20,000. The APN is 333689-011-000-0001-025.000-0000. This is a rare chance to acquire a well-established business with significant upside potential in a highly desirable location. The property's history as a successful Ducati dealership and repair center further underscores its potential. Don't miss this opportunity to capitalize on the existing infrastructure and high traffic flow.
Property profile
VerifiedCap rate & NOI
Current use
-
Motorcycle Shop
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Fort Montgomery market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property tax & assessments
Tax year 2021Property description
Physical attributes from public recordsZoning & alternative use
B · Fort Montgomery, NYZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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