98 Clinton StMontgomery, NY 12549

Property Details for 98 Clinton St

Year built

1938

Lot size

0.06 AC

Property size (Sq ft)

7,446 SF

Zone code

B2

Property type

Investment properties

Property subtype

Live-work space

APN

334203 202-2-14

APU

334203202214

Description

This exceptional 1,400 square foot retail space, located at 98 Clinton Street in Montgomery, New York's historic village, presents a unique investment opportunity. Situated in a high-traffic, anchor corner location, this property boasts large windows facing both Union and Clinton Streets, ensuring maximum visibility for your business. The building, constructed in 1938, is a two-story structure with a total of 7,446 square feet, offering ample space for a variety of uses. Recent upgrades include new ductless heating and air conditioning units. The property is zoned to accommodate a wide range of businesses, including retail, office, restaurant, deli, liquor/wine store, medical practices (physical therapy, chiropractic, primary care), creative workspaces, art galleries, and more. A nearby parking lot provides convenient access for customers. This space has been exceptionally well-maintained and hasn't been on the market for over 35 years, presenting a rare chance to establish your business in a thriving community. Long-term lease incentives are available for qualified tenants. The property is located in Orange County, New York, with easy access to major transportation routes. This is an ideal location to showcase your business and benefit from the high daily traffic and exposure.

• CAP approach

  CAP return

  Valuation

  6%

  $1,849,702

  6.5%

  $1,707,417

  7%

  $1,585,459

• Comparable approach

  Method

  Valuation

  Relative Method

  $979,434

  Geo Method

  $972,894

• Alternative Use

  Use

  Valuation

  Residential

  $2,117,197

  Hospitality

  $1,939,341

  Educational

  $1,613,509

  Medical

  $1,669,000

  Retail

  $2,509,903

Location Insight

City

Montgomery

County

Orange

State

New York

Latitude

41.5272

Longitude

-74.2375

CBSA code

39100

CBSA name

POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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