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    59 Lanahan Rd Monticello, NY 12701

    Sponsored
    For Sale
    $950,000

    6-Acre Commercial Lot, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 6-acre commercial land parcel, located at 59 Lanahan Road in Monticello, New York, presents a remarkable investment opportunity. Zoned HC-2, this property is ideally situated in the heart of Thompson's bustling business district, offering unparalleled access and visibility. The land boasts convenient access to Interstate 86/Route 17 via Exit 105B, ensuring high traffic flow and easy accessibility for customers and employees. The property features egress access adjacent to a Taco Bell on Route 42, and significant frontage on Lanahan Road, which provides a right turn at the traffic light leading directly to Walmart. This strategic location offers exceptional exposure to a large customer base. The property's HC-2 zoning allows for a diverse range of commercial uses, including hotels, retail establishments, box stores, shopping centers, and restaurants, making it an incredibly versatile investment. The APN is 4689-013-0-0002-002-003 and the ownership is held by Western Sullivan ORE LLC. With its prime location, flexible zoning, and significant size, this property is poised for substantial growth and return on investment. The asking price is $950,000. This is a rare opportunity to acquire a highly desirable commercial property in a thriving market. Don't miss out on this chance to secure a piece of Monticello's vibrant commercial landscape. The zip code is 12701.

    Property Features for 59 Lanahan Rd

    General Information

    Property type
    Land
    Lot Size
    261,360 SF

    HighLights

    • $950,000 asking price for 6‑acre commercial land parcel.
    • HC‑2 zoning in Monticello, NY.
    • Located in Thompson business district, near I‑86/Rt. 17 Exit 105B.
    • Suitable for hotel, retail, box store, shopping center, or restaurants.
    • Access via Route 42 (egress only), with frontage on Lanahan Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monticello
    County
    Sullivan
    State
    New York
    Longitude
    -74.6760421
    Latitude
    41.6688461

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    FAQs

    What type of property is this?
    Land - 6-Acre Commercial Lot, Prime Location
    Where is this land located?
    The property is located at 59 Lanahan Rd Monticello, NY.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: $950,000 asking price for 6-acre commercial land parcel.; HC-2 zoning in Monticello, NY.; Located in Thompson business district, near I-86/Rt. 17 Exit 105B.
    Request Owner's contact information
    59 Lanahan Rd 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
    59 Lanahan Rd Monticello, NY 12701
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