Back to Search
Monticello Commercial Redevelopment Opportunity

Southwoods Drive Monticello, NY 12701

Southwoods Drive, Monticello, NY, 12701
$774,900
For Sale
Claim this Listing
$774,900

COMMERCIAL - Monticello, NY

Property Size3,250 SF
Lot Size2.24 Acres
Price / SF$238.43
AddedMar 31
Days on Market108
Last RefreshJul 16 at 10:06 am

Property Features for Southwoods Drive

General Information

Property type
Commercial Sale
Property subtype
Other
Zoning
CI
Standard status
Active
APN
4689-031-0-0001-080-001
Size
3,250 SF
Lot size
2.24 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
5347

Utilities

Utilities
Propane
Sewer type
Septic Tank
Water source
Well

Listing agent Carol Malek License #31MA1121533

Listing office Malek Properties 10 Waldheim Rd, White Lake, NY

Listing date Mar 31, 2026

MLS# 977676 Listing URL

Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This strategic redevelopment opportunity is located in the southern part of the Town of Thompson and offers favorable Commercial Industrial zoning. The corner property has high visibility and a high traffic count, directly facing NYS Rt 17/ Interstate 86. The level land has 850+/- feet of frontage on two roads, providing access for vehicles, machines, and parking. Located between highway exits 106 and 107, the property is near Crystal Run Healthcare, Resorts World Casino, shopping, restaurants, big box stores, the Village of Monticello, Holiday Mountain Fun Park, and other area attractions, services, and communities. The listing consists of two lots totaling 2.24+/- acres. One lot fronts on Bridgeville Road (Old Rt 17) and has a mixed-use building currently rented and used for storage. The total square footage is 3250+ including a breezeway that connects a 3 BR house and a small warehouse with an overhead door. The front parcel is cleared, and the back vacant lot which fronts on Southwoods Drive is wooded. Active businesses in the immediate vicinity include tractor, truck and auto rentals and dealerships, professional offices and utility companies. The property can be developed as one project or two separate ones.

Key Highlights

  • Favorable Commercial Industrial zoning offers unlimited potential for redevelopment.
  • High visibility corner property with high traffic count directly facing NYS Rt 17/Interstate 86.
  • Large frontage of 850+/- feet on two roads provides terrific access.

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $41.7k $12.84
− Vacancy −$2.8k −$0.87
EGI $38.9k $11.97
− OpEx −$5.8k −$1.80
NOI $33.1k $10.17
3,250 SF · lease $12.84/SF/yr · vacancy 6.80% · expense 15.00%

Alternative Uses

Best Use
Warehouse
$472.3K
$413.2K – $551.0K (±1% cap)
NOI $33,059 @ 7.0% cap · market cap 4.27%
Second Best
Mixed Use
$398.4K
$348.6K – $464.8K (±1% cap)
NOI $27,885 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$891.4K
$780.0K – $1.04M (±1% cap)
NOI $62,400 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Commercial land

FAQs

What type of property is this?
Commercial land - High-visibility corner property with commercial industrial zoning.
Where is this commercial land located?
The property is located at Southwoods Drive Monticello, NY.
What is the asking price?
The asking price for this property is $774,900.
What are key features of this property?
This property features: Favorable Commercial Industrial zoning offers unlimited potential for redevelopment.; High visibility corner property with high traffic count directly facing NYS Rt 17/Interstate 86.; Large frontage of 850+/- feet on two roads provides terrific access.
Contact an agent
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message