497 Broadway,Monticello, NY 12701
Monticello, NY 12701
Description
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 - 111-5-16, 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.
Details
| MLS # | 1021958 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 2025 |
| Days On Site | 46 |
| Listing Provided By | Curasi Realty, Inc. | Marie Savage |
Features
| SQ Feet | 6,950 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 1 |
| Zoning | B2 |
| Acreage | 0.12 |
Interior
| Cooling | Ductless |
|---|---|
| Heating | Forced Air |
Exterior
| Construction Materials | Stone, Stucco |
|---|---|
| Foundation Details | Block |
| Lot Features | Back Yard |
| Fencing | Back Yard, Chain Link |
Parking
| Parking Features | Parking Lot |
|---|
Utilities
| Utilities | Cable Connected, Electricity Connected, Phone Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 100000 |
| Tax Annual Amount | 6999.13 |
| Tax Lot | 3 |
Area Information
| State | NY |
|---|---|
| County | Sullivan County |
| City | Monticello |
| Zip Code | 12701 |
| School District | Monticello High School |
| Elementary School | George L Cooke School |
| High School | Monticello High School |
| Listing VS Median (in 12701) | |
Price: $1,300,000 low | high Med: $385,000 sqft: 6,950 low | high Med: 2,062 $ / sqft: $187 low | high Med: $187 On site: 46 low | high Med: 122 | |
Market Activity 12701
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Learn More About This Property
| State | NY |
|---|---|
| County | Sullivan County |
| City | Monticello |
| Zip Code | 12701 |
| School District | Monticello High School |
| Elementary School | George L Cooke School |
| High School | Monticello High School |
| Listing VS Median (in 12701) | |
Price: $1,300,000 low | high Med: $385,000 sqft: 6,950 low | high Med: 2,062 $ / sqft: $187 low | high Med: $187 On site: 46 low | high Med: 122 | |
 | $1,100,000493 BroadwayMonticello, NY 12701 |
 | $899,000500 BroadwayMonticello, NY 12701 |