619 State Route 17 KMontgomery, NY 12549

Property Details for 619 State Route 17 K

Year built

1975

Lot size

4.70 AC

Property size (Sq ft)

8,843 SF

Zone code

B4

Property type

Turn key restaurants

APN

334289 27-6-5

APU

3342892765

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $3,229,205

  6.5%

  $2,980,805

  7%

  $2,767,890

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,931,246

  Geo Method

  $2,911,674

• Alternative Use

  Use

  Valuation

  Residential

  $2,514,420

  Hospitality

  $2,303,196

  Educational

  $1,916,232

  Medical

  $1,982,134

  Retail

  $2,980,805

Location Insight

City

Montgomery

County

Orange

State

New York

Latitude

41.5249

Longitude

-74.1545

CBSA code

39100

CBSA name

POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].