500 Broadway, Monticello, NY 12701
- $899,000
- List Price
- $899,000
- Days on Market
- 3
- MLS#
- 1021955
- Status
- ACTIVE
- Lot Size
- 8250
Property Description
Prime Commercial Investment Opportunity | Stabilized Asset | Portfolio Offering. Positioned in the heart of the Village of Monticello's vibrant downtown business district, 500 Broadway presents an outstanding opportunity to acquire a well-maintained, income-producing commercial property. Offered as part of a premier investment portfolio consisting of seven mixed-use buildings and one parking lot, this property is ideal for investors seeking stable cash flow with long-term appreciation potential. The building is fully leased to a well-established restaurant operating under a long-term lease, providing immediate and reliable rental income. The tenant has an established presence within the community, making this an attractive, low-management investment opportunity. Recent capital improvements enhance the property's value and reduce future maintenance expenses, including: Updated high-efficiency mini-split heating and air conditioning systems, Interior renovations and the roof. The property is serviced by municipal water and sewer, further contributing to ease of ownership and dependable operations. Strategically located on Broadway, Monticello's primary commercial corridor, the property benefits from exceptional visibility, consistent pedestrian activity, and an estimated 8,000 to 12,000 vehicles per day, providing excellent exposure for its commercial tenant. Convenient access to NYS Route 17 / Interstate 86 connects the property to the greater Hudson Valley and Catskills region, making it easily accessible for residents and visitors alike. SBL'S included in this sale - 111-5-16, 111-5-3, 111-7-4, 111-7-3, 111-7-6, 111-5-17, 111-3-17, 111-5-18
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Additional Information
- Stories
- 1
- School District
- Monticello
- Elementary School
- George L Cooke School
- Middle School
- Robert J Kaiser Middle School
- High School
- Monticello High School
- Total Taxes
- 7874
- Heating
- Forced Air
- Parking
- Private
- Parking Spaces
- 12
- Basement
- Storage Space
- Water
- Public
- Sewer
- Public Sewer
- Taxes
- $7,874
Mortgage Calculator
Listing courtesy of Listing Agent: Marie Savage (mariesavage@curasirealty.com) from Listing Office: Curasi Realty, Inc..
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.