170 Neelytown RdMontgomery, NY 12549

Property Details for 170 Neelytown Rd

Year built

2004

Lot size

10.30 AC

Property size (Sq ft)

3,200 SF

Zone code

I

Property type

Auto shops

APN

333489 1-1-8.32

APU

33348911832

Description

This exceptional commercial property presents a rare opportunity in Montgomery, NY. The main building boasts 3,200 square feet of versatile industrial space, perfect for warehouse distribution or similar operations. The building features a welcoming reception area complete with a full bathroom and two additional private offices, all climate-controlled with central air conditioning and a high-efficiency natural gas radiant floor heating system. A showroom-quality garage/shop area with a half-bathroom adds to the functionality. This impressive structure sits on a 1.8-acre lot, offering ample space for operations and expansion. However, the opportunity extends beyond the main building. An additional 14 acres of adjacent land are also available, presenting significant potential for various developments. This expansive acreage is ideal for a wide range of uses, including a 55+ community, agricultural or growing facilities, additional warehousing, or even a school. The possibilities are virtually limitless. Furthermore, a land lease option is available on the adjacent property at 000 Neelytown Road, offering attractive terms for startups and other businesses seeking expansion opportunities. This combined offering presents a unique chance to acquire a substantial industrial property with significant expansion potential in a desirable location. Contact us today to schedule a showing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $1,168,546

  6.5%

  $1,078,658

  7%

  $1,001,611

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,060,724

  Geo Method

  $1,053,642

• Alternative Use

  Use

  Valuation

  Residential

  $909,889

  Hospitality

  $833,453

  Educational

  $693,423

  Medical

  $717,271

  Retail

  $1,078,658

Location Insight

City

Montgomery

County

Orange

State

New York

Latitude

41.4753

Longitude

-74.2449

CBSA code

39100

CBSA name

POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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