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    419 State Rt 17B Monticello, NY 12701

    Sponsored
    For Sale
    $9,000,000

    76,275 SF Industrial Property, $9M

    Property size:
    76,275 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 76,275-square-foot industrial property in Monticello, New York. The property consists of six buildings situated on multiple parcels (APN: 4689-018-0-0001-004-001 and 4689-018-0001-085-000), offering ample space for a variety of uses. Currently vacant, the property is zoned CI/RR1, allowing for versatile operational potential. Its prime location in the New York area ensures excellent accessibility and exposure. The property boasts modern, well-maintained infrastructure, including high-capacity utilities and power, dedicated loading docks, and efficient layout for streamlined operations. The substantial square footage provides significant expansion potential, making it ideal for businesses requiring extensive warehouse and storage facilities. The asking price is $9,000,000, translating to $117.99 per square foot. This turnkey opportunity includes all equipment, forklifts, yard equipment, furniture, fixtures, and equipment. Inventory will be sold separately at closing. This is a rare chance to acquire a substantial industrial property in a desirable location with significant growth potential. The property is classified as Class A and is suitable for various industrial and manufacturing operations.

    Property Features for 419 State Rt 17B

    General Information

    Property type
    Distribution properties
    Square Feet
    76,275 SF
    Class
    A

    Building Details

    Buildings
    6

    HighLights

    • 76,275 SF industrial building.
    • CI/RR1 zoning allows for versatile uses.
    • Prime New York location provides excellent accessibility.
    • Modern, well‑maintained buildings.
    • Significant expansion potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Monticello
    County
    Sullivan
    State
    New York
    Longitude
    -74.7341641
    Latitude
    41.6678717

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    FAQs

    What type of property is this?
    Distribution property - 76,275 SF Industrial Property, $9M
    Where is this distribution property located?
    The property is located at 419 State Rt 17B Monticello, NY.
    What is the asking price?
    The asking price for this property is $9,000,000.
    What are key features of this property?
    This property features: 76,275 SF industrial building.; CI/RR1 zoning allows for versatile uses.; Prime New York location provides excellent accessibility.
    Request Owner's contact information
    419 State Rt 17B Monticello, NY 12701
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    Monticello, NY 12701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    419 State Rt 17B Monticello, NY 12701
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