Mixed-Use Retail
For Sale
$799,000
458 Broadway, Monticello, NY 12701
An open customer area is complemented by a private office and two restrooms.
Property Size5,940 SF
Price / SF$134.51
Days on Market88
Property Features for 458 Broadway
General Information
Standard status
Active
Size
5,940 SF
Total Parking Spaces
4
Property subtype
Commercial
Zoning
B2
Additional Details
Highway Access
Yes
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$6,914
Building Details
Building Size
5,940 SF
Buildings
1
Stories
1
Listing Agency:
Curasi Realty, Inc.
(845) 457-9174
Listed By:
Marie Savage · License #10401302009
(914) 562-1292
Source:
Croninreale
Added: Jul 29
Changed: Oct 23
Last Checked: Oct 23 at 4:10PM
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 Curasi Realty, Inc.
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Investment Insights
Based on property information with market context.
This 5,940-square-foot mixed-use commercial building on Broadway is currently used for retail. Its open customer area is supported by a private office and two restrooms, with municipal water and sewer service. The property is zoned B2, and a second floor may be added subject to municipal approvals.
The building is in Monticello’s Central Business District on Broadway, identified as the village’s primary commercial corridor. NYS Route 17 / Interstate 86 is a short drive away, with access to Sullivan County and the greater Hudson Valley region.
The building is in Monticello’s Central Business District on Broadway, identified as the village’s primary commercial corridor. NYS Route 17 / Interstate 86 is a short drive away, with access to Sullivan County and the greater Hudson Valley region.
Key Highlights
- 5,940‑square‑foot mixed‑use commercial building
- Currently operating as a retail business
- Open retail area, private office and two restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,701
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,434,020
$1.4M
Cap Rate 7%
$1,024,300
$1.0M
Cap Rate 9%
$796,678
$796.7K
Market Conditions
NOI Build-Up for 5,940 SF
Gross rent
$106.9K $18.00/SF
− Vacancy
−$4.5K −$0.76/SF
EGI
$102.4K $17.24/SF
− OpEx
−$30.7K −$5.17/SF
NOI
$71.7K $12.07/SF
Area
Sullivan County, NY
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,434,020
Cap Rate 7%
$1,024,300
Cap Rate 9%
$796,678
Alternative Uses
Best Use
Retail
$1.02M
$896.3K – $1.20M
NOI $71,701 @ 7.0% cap · market cap 8.97%
Second Best
Mixed Use
$728.1K
$637.1K – $849.4K
NOI $50,965 @ 7.0% cap · market cap 6.38%
Theoretical Best
Office A
$1.63M
$1.43M – $1.90M
NOI $114,048 @ 7.0% cap · market cap 14.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
838
Businesses Nearby
51k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 80%
Dining 20%
Wendy's
Dining
10,288 visits/mo
0.3 miles
Chase Bank
Shops & Services
9,819 visits/mo
0.2 miles
Dollar General
Shops & Services
6,966 visits/mo
0.4 miles
Gulf Oil
Shops & Services
5,852 visits/mo
0.2 miles
TD Bank
Shops & Services
4,723 visits/mo
0.0 miles
Demographics for 12701, NY
12,360
Population
7,188
Households
1.7
Avg Household Size
38
Median Age
23%
College-Educated
78%
High-School Grad
61.0 sq mi
ZIP Area
203
Density / Sq Mi
$56,601
Median Household Income
$35,918
Median Earnings
$989
Median Rent
$178,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - An open customer area is complemented by a private office and two restrooms.
Where is this mixed-use property located?
The property is located at 458 Broadway Monticello, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 5,940‑square‑foot mixed‑use commercial building; Currently operating as a retail business; Open retail area, private office and two restrooms
