456 Broadway,Monticello, NY 12701
Monticello, NY 12701
Description
Premier Downtown Investment Portfolio | 7 Mixed-Use Buildings + 1 Parking Lot | Village of Monticello, NY. A rare opportunity to acquire a stabilized commercial real estate portfolio in the heart of the Village of Monticello's Central Business District. This offering consists of seven mixed-use buildings and one commercial parking lot, strategically positioned along Broadway, the Village's primary commercial corridor. With a combination of established income-producing properties and significant value-add opportunities, this portfolio is ideal for investors seeking immediate cash flow with long-term appreciation and redevelopment potential. The portfolio includes a diverse mix of retail storefronts, professional office space, restaurants, and a residential unit, creating a well-balanced investment with multiple income streams. Several properties feature long-term tenants, while vacant suites provide opportunities to increase occupancy, rental income, and overall portfolio value. Ownership has invested substantially in capital improvements throughout the portfolio, including: Updated electrical systems, High-efficiency HVAC and mini-split heating and cooling systems, New windows, Updated flooring and interior renovationsSecurity system installation, Municipal water and sewer service throughout the portfolio. One of the portfolio's most compelling features is the opportunity to significantly increase revenue by completing more than 5,000 square feet of undeveloped space. Subject to Village approvals, this area may be converted into professional office suites, residential apartments, or other permitted uses, creating substantial additional rental income and enhancing the portfolio's long-term value. The properties are located within the B-2 Business District, which permits a broad range of commercial and mixed-use uses, including: Retail and wholesale businesses, Professional and medical offices, Service businesses, Restaurants and eating & drinking establishments, Funeral homes, Residential uses. Other compatible commercial uses as permitted by the Village. The portfolio also includes a dedicated commercial parking lot, providing a valuable amenity for tenants, customers, and future development opportunities. The parking lot can continue to generate income, support existing buildings, or serve future expansion plans. 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
Details
| MLS # | 1021962 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 30 |
| Listing Provided By | Curasi Realty, Inc. | Marie Savage |
Features
| SQ Feet | 13,225 |
|---|---|
| Basement | Y |
| Building(s) | 7 |
| Zoning | B2 |
| Acreage | 0.55 |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Forced Air |
Exterior
| Construction Materials | Brick |
|---|---|
| Foundation Details | Block |
Parking
| Parking Features | Alley Access, On Street, Parking Lot, Private |
|---|
Utilities
| Utilities | Electricity Connected, Sewer Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 131000 |
| Tax Annual Amount | 9168.89 |
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: $8,500,000 low | high Med: $377,500 sqft: 13,225 low | high Med: 3,894 $ / sqft: $643 low | high Med: $125 On site: 30 low | high Med: 64 | |
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: $8,500,000 low | high Med: $377,500 sqft: 13,225 low | high Med: 3,894 $ / sqft: $643 low | high Med: $125 On site: 30 low | high Med: 64 | |
 | $1,700,000456 BroadwayMonticello, NY 12701 |