Commercial Land with Existing
For Sale
$774,900
740 Southwoods Drive, Monticello, NY 12701
CI-zoned property pairs developable land with a rented storage building and additional residential and warehouse space.
Property Size3,252 SF
Price / SF$238.28
Days on Market207
Property Features for 740 Southwoods Drive
General Information
Standard status
Active
Size
3,252 SF
Property subtype
Commercial
Zoning
CI
Taxes and HOA fees
Annual Taxes
$5,347
Building Details
Building Size
3,252 SF
Year Built
1988
Buildings
2
Stories
2
Units
2
Listing Agency:
Malek Properties
(845) 583-6333
Listed By:
Carol Malek · License #31MA1121533
(845) 798-2300
Source:
Croninreale
Added: Apr 1
Changed: Oct 23
Last Checked: Oct 23 at 4:17PM
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
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Investment Insights
Based on property information with market context.
Two commercial lots totaling approximately 2.24 acres combine cleared land along Bridgeville Road with a wooded parcel fronting Southwoods Drive. The property includes a rented building used for storage, a three-bedroom house, and a small warehouse with an overhead door. A breezeway connects the buildings; together, they contain more than 3,250 square feet, excluding the breezeway. Zoning is CI.
The property faces NYS Route 17/Interstate 86 and is located between exits 106 and 107. It has approximately 850 feet of frontage across two roads. Nearby businesses include vehicle rental and dealership operations, professional offices, and utility companies. Crystal Run Healthcare, Resorts World Casino, shopping, and restaurants are also in the surrounding area.
The property faces NYS Route 17/Interstate 86 and is located between exits 106 and 107. It has approximately 850 feet of frontage across two roads. Nearby businesses include vehicle rental and dealership operations, professional offices, and utility companies. Crystal Run Healthcare, Resorts World Casino, shopping, and restaurants are also in the surrounding area.
Key Highlights
- Two lots totaling 2.24+/- acres
- Approximately 850+/- feet of frontage on two roads
- CI zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,079
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$661,580
$661.6K
Cap Rate 7%
$472,557
$472.6K
Cap Rate 9%
$367,544
$367.5K
Market Conditions
NOI Build-Up for 3,252 SF
Gross rent
$41.8K $12.84/SF
− Vacancy
−$2.8K −$0.87/SF
EGI
$38.9K $11.97/SF
− OpEx
−$5.8K −$1.80/SF
NOI
$33.1K $10.17/SF
Area
Sullivan County, NY
Vacancy
6.80%
Lease Rate
$12.84 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$661,580
Cap Rate 7%
$472,557
Cap Rate 9%
$367,544
Alternative Uses
Best Use
Warehouse
$472.6K
$413.5K – $551.3K
NOI $33,079 @ 7.0% cap · market cap 4.27%
Second Best
Mixed Use
$398.6K
$348.8K – $465.0K
NOI $27,902 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$892.0K
$780.5K – $1.04M
NOI $62,438 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
79
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Commercial land - CI-zoned property pairs developable land with a rented storage building and additional residential and warehouse space.
Where is this commercial land located?
The property is located at 740 Southwoods Drive Monticello, NY.
What is the asking price?
The asking price for this property is $774,900.
What are key features of this property?
This property features: Two lots totaling 2.24+/- acres; Approximately 850+/- feet of frontage on two roads; CI zoning
