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2294 State Route 208 8,532 SF 100% Leased Retail Building Montgomery, NY 12549 $1,100,000 ($128.93/SF)
Investment Highlights
- Fully occupied 8-unit strip mall with a mix of commercial tenants and a 2-bedroom residential apartment featuring a 2-car garage.
- Current tenants include a dog groomer, insurance agency, hair salon, and home health care company.
- Each unit has separate utilities for easy management and reliable cash flow.
- Prime location near Route 17K and I-84 with high visibility, ample parking, and over 10,000 cars passing daily.
Executive Summary
Rare Investment Opportunity! Fully occupied 8-unit strip mall featuring a mix of commercial tenants and a beautiful 2-bedroom residential apartment with a 2 car garage. Each unit has separate utilities, providing ease of management and stable cash flow. Current tenants include a dog groomer, insurance agency, hair salon, and home health care company. The property is well maintained, offers ample off-street parking, and benefits from high visibility with over 10,000 cars daily. Conveniently located near Route 17K and I-84. A solid, income-producing investment in a prime location!
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
8,532 SF
Building Class
C
Year Built/Renovated
2001/2014
Price
$1,100,000
Price Per SF
$128.93
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.09
Lot Size
2.10 AC
Zoning
OB - Commercial
Parking
34 Spaces (4.86 Spaces per 1,000 SF Leased)
Frontage
365’ on Rt-208 Expy
Amenities
- Pylon Sign
Property Taxes
| Parcel Number | 334289-020-000-0001-056.220-0000 | Improvements Assessment | $563,800 |
| Land Assessment | $76,000 | Total Assessment | $639,800 |
Property Taxes
Parcel Number
334289-020-000-0001-056.220-0000
Land Assessment
$76,000
Improvements Assessment
$563,800
Total Assessment
$639,800
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2294 State Route 208
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