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Montgomery NY, 12549 $860,000

Retail Commercial  

Property Picture
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Details ML#: H6314484  

  • # of Families: 3
  • Business Type: Commercial, Retail
  • Sale or Rent:Sale
  • Year Built: 1890
  • Taxes: $10,879
  • Status:Active

Description

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.

More Property Details

Appliances & Utilities

Refrigerator: Yes   Stoves: Yes   Heat: Electric, Natural Gas, Baseboard   A/C: Window Unit(s)   Water: Well   Sewer: Septic Tank  

Financial

Taxes: $10,879  

Local Area Information

School District: Valley Central   Zoning: B4  

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