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$899,000
Est. payment /mo
8,250 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1021955
Rental Info No
Annual Tax Amount $7,874
Lot Size 8,250 Sqft
Acres 0.1894
Property Sub-Type Mixed Use
Source onekey2
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
Location
State NY
County Sullivan County
Rooms
Basement Storage Space
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Exterior
Parking Features Private
Utilities Available Cable Connected, Electricity Connected, Phone Connected, Sewer Connected, Water Connected
Total Parking Spaces 12
Building
Story 1
Foundation Block
Sewer Public Sewer
Water Public
Structure Type Stucco
Schools
Elementary Schools George L Cooke School
Middle Schools Robert J Kaiser Middle School
High Schools Monticello
School District Monticello
Others
Special Listing Condition None
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Listed by Curasi Realty, Inc. • Marie Savage
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