497 Broadway - Storefront FOR SALE


Monticello, NY 12701
$1,300,000 USD
845-457-9174
497 Broadway, Monticello, NY for Sale
$1,300,000 USD
Storefront - FOR SALE
1/8
null | Request Cap Rate

497 Broadway
Monticello, NY 12701


HIGHLIGHTS

  • Mixed-use property featuring three commercial suites and one residential unit in downtown Monticello.
  • Two units are leased to long-term tenants, while two vacant commercial spaces offer value-add leasing potential.
  • Recent renovations include updated suites, mini-split HVAC systems, and municipal utility service.
  • Prominent Broadway location with dedicated parking, strong visibility, and convenient access to Route 17/I-86.

OVERVIEW

Prime Mixed-Use Investment Opportunity | Value-Add Asset | Portfolio Offering. An exceptional opportunity to acquire a fully renovated mixed-use building in the heart of the Village of Monticello, offered as part of a larger investment portfolio consisting of seven mixed-use buildings and one parking lot. The property features four units, including three commercial suites and one residential apartment. Currently, two units are leased to long-term tenants, while two vacant commercial suites present an outstanding opportunity to increase cash flow by leasing at current market rates or occupying the space with your own business. The building has been extensively updated, with renovated suites, municipal water and sewer, and high-efficiency mini-split heating and air conditioning systems installed throughout, providing modern comfort and energy efficiency while minimizing maintenance costs. One of the property's greatest assets is its large private parking lot with approximately 16 dedicated parking spaces, a highly desirable feature for both office and retail tenants in downtown Monticello. Strategically located on Broadway, the Village's primary commercial corridor, the property enjoys excellent visibility and benefits from steady daily vehicle traffic and pedestrian activity. Broadway serves as the central business district for Monticello, connecting local businesses, government offices, healthcare providers, restaurants, and retail establishments, while offering convenient access to NYS Route 17 / Interstate 86, making it easily accessible to both local residents and regional visitors. SBL'S included in this sale - 111-7-2, 111-5-3, 111-7-4, 111-7-3, 111-7-6, 111-5-17, 111-3-17, 111-5-18LA must accompany all showings.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$187 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

B2

APN/PARCEL ID

4601-111-0-0007-003-000,4601-111-0-0007-006-000

ASK ABOUT THIS PROPERTY

Larry CurasiCurasi Realty Inc.More Info
845-457-9174

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Larry CurasiCurasi Realty Inc.More Info
845-457-9174

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.