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2039 State Route 208 1,820 SF Retail Building Montgomery, NY 12549 $547,000 ($300.55/SF) 4.60% Cap Rate



Investment Highlights
- Sight distance from Rt 84 highway
Executive Summary
Position your business for success with this outstanding commercially zoned (B-1) property ideally located seconds from Exit 5 on Interstate 84 visible to over 14000 vehicles per day in the heart of Montgomery. Offering excellent visibility and strong sightlines, this exceptionally well-maintained building benefits from steady traffic flow and easy accessibility. Currently operating as a successful salon, the property provides exceptional versatility for a wide range of permitted uses under B-1 zoning, including retail, office and service-oriented businesses. Previously home to a deli, the building retains an existing exhaust system and even a drive-up window - making it attractive for food service or grab-and-go concepts. The site includes 19 dedicated parking spaces and is surrounded by national retailers, popular fast-food establishments and other established businesses, enhancing both exposure and customer draw. Whether you're an owner-user looking to establish or expand your business, or an investor seeking a flexible, income-producing asset, this property offers a strategic location, strong visibility and endless potential.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,820 SF
Building Class
B
Year Built
2001
Price
$547,000
Price Per SF
$300.55
Cap Rate
4.60%
NOI
$25,145
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.58 AC
Zoning
ID - B-1
Parking
19 Spaces (10.44 Spaces per 1,000 SF Leased)
Frontage
150’ on Route 208
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 334289-034-000-0001-040.100-0000 | Total Assessment | $804,000 |
| Land Assessment | $204,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $600,000 | Tax Year | 2025 |
Property Taxes
Parcel Number
334289-034-000-0001-040.100-0000
Land Assessment
$204,000
Improvements Assessment
$600,000
Total Assessment
$804,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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2039 State Route 208
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