Property profile

605 State Rte 17k Montgomery, NY 12549

OFF-MARKET
Investment properties
Property ID
US63-1764192
6,250 SF 1.16 ac lot Built 1965
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 6,250 square foot retail property presents a compelling investment opportunity in Montgomery, NY. Situated on a highly visible 1.16-acre corner lot with excellent frontage on State Route 17K, this property boasts significant traffic flow and easy accessibility. A portion of the building is currently leased to long-term tenants, generating consistent rental income. Approximately 2,600 square feet of space is immediately available for lease to new tenants or for owner-occupancy, offering flexibility for a variety of commercial uses. The property's prime location near local amenities further enhances its appeal to a wide range of businesses. This versatile commercial asset is ideal for both owner-operators seeking a strategic location and investors looking to diversify their portfolio with a property offering both immediate income and significant long-term growth potential. The high visibility and convenient access on Route 17K ensure strong exposure and attract a substantial customer base. This is a rare opportunity to acquire a well-positioned retail property in a thriving area. The asking price is $900,000.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1965
Total area 6,250 SF
Lot 1.16 ac (50,530 SF)
Zoning code B4
APN 334289 27-6-4
UPID US63-1764192

Cap rate & NOI

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

Location

605 State Rte 17k Montgomery, NY 12549
Montgomery metro Census 10602 POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$693k
Blend (final) Blend
$285k

Owner & transaction history

Zoning & alternative use

B4 · 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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