Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2021Property description
Physical attributes from public recordsZoning & alternative use
B4 · Montgomery, NYZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for B4 in Montgomery, NY.
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning