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    84 Cimarron Rd Monticello, NY 12701

    For Sale
    $529,000

    Turnkey 2-family, commercial space, great location.

    Property size:
    4,358 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional Monticello property offers a unique blend of commercial and residential income streams. The 4,358 square foot building sits on a 0.29-acre lot and boasts a recently renovated commercial space currently leased for $1,900 per month, with a potential increase to $2,500 per month starting October. Recent upgrades include fresh exterior painting (2023), a new roof (2022), a pressure tank (2023), a well pump (2024), and a new hot water heater. The commercial space also features a new sub-pump. The residential apartment, currently rented for $1,450, has undergone recent improvements including fresh interior paint, new flooring, and a new range. Modernization extends to new plumbing and the installation of Fujitsu mini-split AC/heat units. The basement has been enhanced with new windows. This turnkey property enjoys a prime location near the casino and shopping, with convenient access from Route 17. The owner is open to considering financing options for qualified buyers. This presents a compelling investment opportunity with strong rental income and significant upside potential. The combination of commercial and residential income provides a diversified revenue stream and a solid return on investment.

    Property Features for 84 Cimarron Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,358 SF
    Lot Size
    12,632 SF
    Insight Report Location Intelligence

    Current Use by Public Records

    Paint A Peace Ceramic ... Art School Cornerstone Tile & Floor ... Tile Contractor

    Suggested Use

    Realty agency Law Firm Building Supply Dental Office Wholesale Shop Gym & Fitness Hotel & Motel Auto Parts Store Auto Repair Shop Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monticello
    County
    Sullivan County
    State
    New York
    Longitude
    -74.64298
    Latitude
    41.64312

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    FAQs

    What type of property is this?
    Commercial real estate - Turnkey 2-family, commercial space, great location.
    Where is this commercial real estate located?
    The property is located at 84 Cimarron Rd Monticello, NY.
    What is the asking price?
    The asking price for this property is $529,000.
    (845) 791-8648
    Request Owner's contact information
    84 Cimarron Rd Monticello, NY 12701
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    Monticello, NY 12701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    84 Cimarron Rd Monticello, NY 12701
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