Property profile

1005 Route 9W Fort Montgomery, NY 10922

FOR SALE
Showrooms
Property ID
US63-2525504
2,000 SF 0.4 ac lot Built 1988
Individually Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1988
Total area 2,000 SF
Lot 0.4 ac (17,490 SF)
Zoning code B
APN 333689 11-1-25
UPID US63-2525504

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
  • Motorcycle Shop

Location

1005 Route 9W Fort Montgomery, NY 10922
Fort Montgomery metro Census 13800 POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$315k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$315k

Owner & transaction history

since 2022
1 recorded transaction
2022
Price N/A

Zoning & alternative use

B · Fort Montgomery, NY

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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