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    OFF-MARKET Estimated value $1,620,000
    Turn key restaurants

    619 State Rte 17k, Montgomery, NY 12549-2703

    8,843 SF 4.7 ac lot Built 1975
    Entity Owned ~ Est. High Equity
    Property ID
    US63-2106978
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    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
    Spruce Lodge INC
    Spruce Lodge INC
    1 recorded transaction
    1969
    Zoning & alternative use
    B4 · Montgomery, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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