Property profile

309 Montgomery St Johnstown, NY 12095

OFF-MARKET
Manufacturing properties
Property ID
US63-3817646
87,250 SF 5.2 ac lot Built 1955
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional mixed-use property, located at 309 W Montgomery St Unit 309 in Johnstown, NY, presents a compelling investment opportunity. Situated on a generous five-acre lot, this property offers significant potential for a variety of uses. The building's square footage is currently undetermined and requires further assessment. The asking price is $995,000, reflecting the property's substantial land size and development potential within the vibrant Johnstown community. The property's mixed-use zoning allows for flexibility in its future development, catering to a range of commercial and potentially residential applications. Given the expansive lot size, there is ample room for expansion, redevelopment, or the addition of complementary structures. This presents a unique chance to acquire a significant piece of real estate in a growing area. Prospective buyers are encouraged to conduct their own due diligence to fully explore the possibilities this property offers. The absence of specified square footage necessitates an on-site inspection to determine the precise dimensions and layout of the existing building. This property is being offered as-is. Serious inquiries only.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1955
Total area 87,250 SF
Lot 5.2 ac (226,512 SF)
Zoning code 05 - COMMERCIAL
APN 170800 174.7-16-23
UPID US63-3817646

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
  • Home Health Care Service
  • Medical Clinic
  • Physician
  • (Bike/Boat/Book/etc) Store Printing Service
  • Roofing Company General Contractor

Location

309 Montgomery St Johnstown, NY 12095-2435
Johnstown metro Census 971300 GLOVERSVILLE, NY MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$670k
CAP Approach CAP
by Request
Comparable Approach Comparable
$755k
Blend (final) Blend
$670k

Owner & transaction history

since 2025
Last sale
$500,000
1 recorded transaction
2025
$500,000

Zoning & alternative use

05 - COMMERCIAL · Johnstown, 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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