Broadway Retail Investment
For Sale
$449,000
485 Broadway, Monticello, NY 12701
Four-unit building with long-term tenants in Monticello, NY.
Property Size3,461 SF
Price / SF$129.73
Days on Market781
Property Features for 485 Broadway
General Information
Standard status
Active
Size
3,461 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$6,375
Amenities
Window/Wall Unit
3
Parking.
Open Parking, On Street.
Listing Agency:
Malek Properties
(845) 583-6333
Listed By:
Malek Properties · License #10401342082
(347) 628-2161
Source:
Xome
Added: Jun 20, 2024
Changed: Aug 8
Last Checked: Aug 8 at 3:12AM
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
Investment Insights
Based on property information with market context.
Located on Broadway, this four-unit, ground-floor building is in turn-key condition and features two long-term tenants. One tenant occupies both the restaurant space and a small office with a kitchen, open room, and bathroom. The other unit is a small office with room for a desk and storage. The structure has a new roof, new gutters, and new soffits. The crawl space contains new water pipes, a water meter, a sump pump, and foam insulation. The electric meters have been separated for easy billing. A camera system holds approximately two weeks of footage. The property is a commercial real estate opportunity with a 7.7% cap rate.
Key Highlights
- 7.7% Cap Rate
- Turn‑key condition four‑unit building
- Prime location in the middle of town on Broadway
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
838
Businesses Nearby
51k
Monthly Visits Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Four-unit building with long-term tenants in Monticello, NY.
Where is this storefront property located?
The property is located at 485 Broadway Monticello, NY.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 7.7% Cap Rate; Turn‑key condition four‑unit building; Prime location in the middle of town on Broadway
