102 Clinton StMontgomery, NY 12549

Property Details for 102 Clinton St

Year built

1900

Lot size

0.04 AC

Property size (Sq ft)

4,564 SF

Zone code

B2

Property type

Investment properties

Property subtype

Live-work space

APN

334203 202-9-15

APU

334203202915

Description

This exceptional mixed-use property at 102 Clinton St, Unit 102, Montgomery, NY presents a compelling investment opportunity. The building, totaling 6,244 square feet on a 0.04-acre lot, boasts a prime location in the heart of the Village of Montgomery. The ground floor features two thriving commercial spaces currently occupied by a pizzeria and a restaurant, providing immediate income potential. These established businesses benefit from a vibrant community and high foot traffic. Above the commercial units, the building offers four spacious two-bedroom, one-bathroom residential apartments. While requiring complete renovation, these units represent significant potential for rental income generation once updated. The apartments retain the charm of historic architecture, offering a unique opportunity for restoration and modernization. The property's strategic location provides easy access to local shops, dining establishments, and public transportation, enhancing its appeal to both commercial tenants and residential occupants. This mixed-use building offers a rare chance to acquire a substantial property in a growing area with the potential for significant returns on investment. The asking price is $895,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,133,768

  6.5%

  $1,046,555

  7%

  $971,801

• Comparable approach

  Method

  Valuation

  Relative Method

  $600,341

  Geo Method

  $596,332

• Alternative Use

  Use

  Valuation

  Residential

  $1,297,729

  Hospitality

  $1,188,712

  Educational

  $988,995

  Medical

  $1,023,008

  Retail

  $1,538,436

Location Insight

City

Montgomery

County

Orange

State

New York

Latitude

41.5269

Longitude

-74.2372

CBSA code

39100

CBSA name

POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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