Automotive Garage with Live-Work
36 Cold Spring Rd, Monticello, NY 12701
HC2 zoned site with multiple overhead doors, office and restroom, plus a second rented building for flexible live/work use.
Property size:
5,500 SFPrice / SF:
$177/SF- Added:
- Sep 20, 2025
- Days on Market:
- 281
- Last Refresh:
- Jun 27 at 1:53 am
Property Features for 36 Cold Spring Rd
General Information
- Standard status
- Active
- Size
- 5,500 SF
Listing office Malek Properties, Inc. (845) 798-2300
Listing date Sep 20, 2025
Source Exprealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Malek Properties, Inc.
HighLights
- HC2 zoned property with two buildings and flexible live/work and extended business use.
- Main garage is just under 3,500 SF with five overhead doors of various heights, office, and restroom; currently set up for automotive business.
- Second building is approx. 2,000 SF; formerly a duplex and still has two electric meters, rented by a single tenant (convert back if desired).
- Over 700 ft of road frontage on Cold Spring Road / County Road 102 for vehicle, delivery, and truck access.
- Serviced by municipal sewer and a drilled well; municipal water is approx. 500 ft away.
- Property includes zoning and the survey/site plan map in the documents.
Overview
The property consists of a primary garage building and a second structure designed for flexible occupancy. The main building is configured for an automotive business and includes an office, a restroom, heating, and a garage area served by five overhead doors of various heights. The site also provides large parking and storage areas that support equipment staging and day-to-day operations.
The second building is approximately 2,000 square feet and was formerly a duplex. It has two electric meters and is currently rented by a single tenant who has combined the space, though it could be converted back if desired. The property is zoned HC2 and is serviced by municipal sewer and a drilled well, with municipal water approximately 500 feet away. Access is a notable strength, with over 700 feet of road frontage on Cold Spring Road/County Road 102, accommodating vehicles, deliveries, and larger trucks and equipment.
This setup can fit contractors, towing and service operators, woodworking or light industrial users needing overhead-door access, as well as buyers looking for a live/work or management-quarters arrangement. The existing configuration and utility services support a range of uses permitted under HC2, with the additional rented building providing operational flexibility.
The second building is approximately 2,000 square feet and was formerly a duplex. It has two electric meters and is currently rented by a single tenant who has combined the space, though it could be converted back if desired. The property is zoned HC2 and is serviced by municipal sewer and a drilled well, with municipal water approximately 500 feet away. Access is a notable strength, with over 700 feet of road frontage on Cold Spring Road/County Road 102, accommodating vehicles, deliveries, and larger trucks and equipment.
This setup can fit contractors, towing and service operators, woodworking or light industrial users needing overhead-door access, as well as buyers looking for a live/work or management-quarters arrangement. The existing configuration and utility services support a range of uses permitted under HC2, with the additional rented building providing operational flexibility.
Local Financial Insights For Office B
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 | $132.0k | $24.00 |
| − Vacancy | −$29.0k | −$5.28 |
| EGI | $103.0k | $18.72 |
| − OpEx | −$25.7k | −$4.68 |
| NOI | $77.2k | $14.04 |
5,500 SF · lease $24.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.10M
$965.3K – $1.29M
NOI $77,220 @ 7.0% cap · market cap 7.92%
Second Best
Retail
$948.4K
$829.9K – $1.11M
NOI $66,389 @ 7.0% cap · market cap 6.81%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,600 @ 7.0% cap · market cap 10.83%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Pavese's Service Station
Auto Repair Shop
Similar Places Nearby
- Pavese Service Station — 33 St John St, Monticello, NY 12701
- Pavese's Service Station — 36 E Cold Spring Rd, Monticello, NY 12701
- R & C Towing — 38 Wood Ave, Monticello, NY 12701
Location Insight
- Map
- Local Demand
- City
- Monticello
- County
- Sullivan
- State
- New York
- Longitude
- -74.685843
- Latitude
- 41.6448326
Nearby Similar for Sale
FAQs
What type of property is this?
Auto shop - HC2 zoned site with multiple overhead doors, office and restroom, plus a second rented building for flexible live/work use.
Where is this auto shop located?
The property is located at 36 Cold Spring Rd Monticello, NY.
What is the asking price?
The asking price for this property is $974,900.
What are key features of this property?
This property features: HC2 zoned property with two buildings and flexible live/work and extended business use.; Main garage is just under 3,500 SF with five overhead doors of various heights, office, and restroom; currently set up for automotive business.; Second building is approx. 2,000 SF; formerly a duplex and still has two electric meters, rented by a single tenant (convert back if desired).
