500 BroadwayMonticello, NY 12701

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

Property Information

Property type

Commercial Sale

Sub-type

Mixed Use

Stories

1

Building area

6,450 Sq Ft

Lot size

0.19 acres

Parking spaces

12

Days on market

94

MLS^® Listing#

1021955

Property Features

Cooling

Central Air

Heating

Forced Air

Basement

Storage Space

Parking

Private

Construction

Stucco

Utilities

Cable Connected · Electricity Connected · Phone Connected · Sewer Connected · Water Connected

Sewer

Public Sewer

Water source

Public

Schools

Elementary

George L Cooke School

Middle

Robert J Kaiser Middle School

High

Monticello High School

Financial Details

Annual taxes

$7,874

Assessed value

$112,500

Parcel number

4601-111-0-0003-017-001