Property profile

619 State Rte 17k Montgomery, NY 12549

OFF-MARKET
Turn key restaurants
Property ID
US63-2106978
8,843 SF 4.7 ac lot Built 1975
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1975
Total area 8,843 SF
Lot 4.7 ac (204,732 SF)
Zoning code B4
APN 334289 27-6-5
UPID US63-2106978

Cap rate & NOI

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

Location

619 State Rte 17k Montgomery, NY 12549-2703
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
$1.31M
Blend (final) Blend
$1.62M

Owner & transaction history

1 recorded transaction
1969
Price N/A

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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