2217-2219 NY-208 - Storefront Retail/Office FOR SALE


Montgomery, NY 12549
$800,000 USD
845-978-6667
2217-2219 NY-208, Montgomery, NY for Sale
$800,000 USD
Storefront Retail/Office - FOR SALE
1/10
null | Request Cap Rate

2217-2219 NY-208
Montgomery, NY 12549


OVERVIEW

Welcome to this commercial/residential zoning property in Montgomery. Situated on .85-acre lot, the retail commercial space, currently functioning as a glass shop, adds a lucrative dimension to the property. W/ a current rent of $2400 per month, this space presents an excellent investment opportunity. The prime corner location ensures maximum daily traffic visibility, making it an ideal spot for a thriving business. Nestled within the same lot is a residential detached Craftsman property featuring 2 units, each fetching $1,200 in monthly rent. These units come complete with stoves & refrigerators. There is a fenced yard & above-ground pool. There is an opportunity to acquire additional acreage bordering the property with road frontage, creating potential for future expansion or development opportunities. Currently on septic & well, there are plans to introduce sewer & water services to the corner. Noteworthy is the proximity to key locations: near Newburgh/Middletown Shopping, & Close to Route 84. For those relying on public transportation, the Metro North Beacon Train is a conveniently close. Commuting to the heart of New York City is also a breeze by car. A pending check gas station approval right across the street hints at upcoming developments, including the potential addition of sewer & water services, as shared by the owner. The property's versatility, strategic location, & potential for growth make it a rare and enticing opportunity for investors & Contractors alike. Don't miss this great opportunity. The glass shop and the 2 family rental are only sold together and not separately.

FOR SALE DETAILS

PRICE

$800,000 USD

PRICE/SF

$208 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1890

SPRINKLERS

-

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,246 SF

ZONING

Comm

APN/PARCEL ID

334289-022-000-0002-009.000-0000

ASK ABOUT THIS PROPERTY

Darrin SchechterREMAX TOWN & COUNTRYMore Info
845-978-6667

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Darrin SchechterREMAX TOWN & COUNTRYMore Info
845-978-6667

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.