Property profile

120 Bracken Rd Montgomery, NY 12549

FOR SALE
Investment properties
Property ID
US63-0603713
1,485 SF 0.75 ac lot Built 1977
Individually Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1,485 square foot industrial property, situated on a 0.75-acre lot at 120 Bracken Rd, Montgomery, NY, presents a remarkable investment opportunity. Ideally located in Montgomery's Industrial 1 zoning district, this building offers unparalleled versatility, accommodating a wide array of business uses. Permitted uses include, but are not limited to, business offices, professional services, utility companies, personal service shops, retail stores, food service establishments, animal hospitals/boarding facilities, and non-intensive warehouse operations. Its strategic location provides exceptional accessibility, with proximity to major highways such as Interstate 84, Route 17K, and Route 208. Furthermore, its convenient 20-minute drive to Stewart International Airport makes it particularly attractive for businesses requiring regional or international connectivity. The property's significant potential is further enhanced by a proposed expansion plan, adding over 6,700 square feet of additional space. This presents an unparalleled chance to establish or significantly expand a business in a thriving and rapidly developing area. The asking price for this exceptional property is $599,999. Don't miss this chance to secure a prime location with significant growth potential.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1977
Total area 1,485 SF
Lot 0.75 ac (32,670 SF)
Zoning code I1
APN 334289 30-1-24.1
UPID US63-0603713

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

120 Bracken Rd Montgomery, NY 12549
Montgomery metro Census 10801 POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

since 2024
Last sale
$285,000
1 recorded transaction
2024
$285,000

Zoning & alternative use

I1 · 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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