619 State Rte 17k, Montgomery, NY 12549-2703
This exceptional 12,908 square foot retail property, located at 619 State Route 17k in Montgomery, NY, presents a unique investment opportunity. Boasting a strong sales history and high customer satisfaction, this beloved community staple has operated successfully for over 60 years. The property sits on a substantial 4.7-acre lot, including 2.2 acres of commercially zoned land, providing ample space for expansion and development. The main building, totaling 12,908 square feet, is complemented by four additional buildings, currently housing eight residential rental units, four of which are occupied by long-term tenants. This generates additional income streams. The property's B-4 zoning allows for a variety of uses, making it ideal for a restaurant, retail establishment, or hospitality venture. Its high-traffic location ensures excellent visibility and accessibility. The expansive outdoor space, including a courtyard, offers significant potential for outdoor dining, events, and expansion, currently accommodating up to 270 guests. This turnkey operation offers a rare combination of established success, significant space, and substantial growth potential in a desirable location. The property's infrastructure supports menu expansion, event hosting, and the introduction of new services.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B4 · Montgomery, NYMontgomery. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.