2201 State Rte 208 Montgomery, NY 12549-2220
This exceptional 6.7-acre vacant land parcel, located at 2201 State Route 208 in Montgomery, New York, presents a remarkable opportunity for commercial development. Priced at $175,000, this property boasts a substantial 291,852 square feet and is zoned B4 Highway Commercial, offering a wide array of permitted uses. Ideal for businesses seeking high visibility and convenient access, the site allows for a diverse range of developments, including retail, office, restaurant, bank, tavern, fitness center, hotel, shopping center, warehouse, and contractor storage or equipment yards. Its strategic location provides excellent exposure and proximity to major transportation arteries such as Route 17K, I-84, and the New York State Thruway, ensuring easy accessibility for customers and employees. Furthermore, its central position near the villages of Montgomery, Maybrook, and Walden enhances its appeal and potential for attracting a broad customer base. This prime commercial land presents a unique investment opportunity with significant growth potential in a thriving area. The property's size and zoning regulations provide ample flexibility for a variety of commercial ventures, making it an attractive proposition for developers and investors alike. Don't miss this chance to acquire a highly visible and strategically located commercial property in a rapidly developing region. The zip code is 12549.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.