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Leased Restaurant Building
For Sale
$899,000

500 Broadway, Monticello, NY 12701

An operating restaurant occupies the property under a long-term lease.

Property Size6,450 SF
Price / SF$139.38
Days on Market88

Property Features for 500 Broadway

General Information

Standard status Active
Size 6,450 SF
Total Parking Spaces 12
Property subtype Commercial
Zoning B2
Occupancy 100%

Site & Location

Traffic Count 12,000 vehicles/day
Highway Access Yes
Utilities to Site Yes

Tenancy & Operations

Currently Operating Yes
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $7,874

Building Details

Building Size 6,450 SF
Buildings 1
Stories 1
Tenancy Single
Listing Agency: Curasi Realty, Inc.
Listed By: Marie Savage · License #10401302009
Source: Croninreale
Added: Jul 29 Changed: Oct 23 Last Checked: Oct 23 at 5:35PM

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.

The 6,450-square-foot restaurant building at 500 Broadway is occupied by a restaurant tenant under a long-term lease. Improvements include updated mini-split heating and air-conditioning systems, interior renovations, and roof work. The property has municipal water and sewer service and is zoned B2.

The building is on Broadway in downtown Monticello, along the village’s primary commercial corridor. The listing reports estimated traffic of 8,000 to 12,000 vehicles per day and access to NYS Route 17 and Interstate 86.

Key Highlights

  • 6,450‑square‑foot restaurant property
  • Restaurant tenant in place under a long‑term lease
  • Updated mini‑split heating and air‑conditioning systems

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Nelly Latin Restaurant Restaurant Nelly's Latin Restaurant Restaurant

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Storage Facility Locksmith (Bike/Boat/Book/etc) Store Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12,000 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

796
Businesses Nearby
35k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
Chase Bank Shops & Services
9,819 visits/mo 0.4 miles
Dollar General Shops & Services
6,966 visits/mo 0.3 miles
Gulf Oil Shops & Services
5,852 visits/mo 0.1 miles
TD Bank Shops & Services
4,723 visits/mo 0.2 miles
Citgo Shops & Services
2,548 visits/mo 0.3 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

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025

Similar Off Market Nearby

  • Wan Bo Buffet — 36 Forestburgh Rd #1833, Monticello, NY 12701

Frequently Asked Questions

What type of property is this?
Conventional restaurant - An operating restaurant occupies the property under a long-term lease.
Where is this conventional restaurant located?
The property is located at 500 Broadway Monticello, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 6,450‑square‑foot restaurant property; Restaurant tenant in place under a long‑term lease; Updated mini‑split heating and air‑conditioning systems
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