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    Monticello, NY 12701

    Sponsored
    For Sale
    $249,000

    Vacant 9,000 sq ft lot, ideal for QSR or retail.

    Property size:
    9,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This vacant, fee-simple commercial lot, totaling 9,000 square feet (approximately 150 feet by 60 feet), is situated on East Broadway in Monticello, New York, at the intersection of East Broadway and Fraser Avenue. Located in Sullivan County's commercial district, this property presents a unique opportunity for development. The asking price is $249,000, translating to $27.67 per square foot. The lot size is 0.21 acres. Given its prime location in the heart of Monticello, just 90 miles from New York City, this property offers excellent visibility and accessibility. The property is currently vacant and available for immediate development. The lease type is gross, and the tenancy is single. The property is suitable for a variety of commercial uses, including convenience stores, quick-service restaurants (QSR), and storefronts. This is a fee simple ownership opportunity. The property is zoned for commercial use. This location offers high traffic volume and is within a thriving commercial district. The property's strategic position makes it an attractive investment for entrepreneurs seeking a high-impact location in the Catskill region.

    Property Features for 0

    General Information

    Property type
    Individual retail properties
    Square Feet
    9,000 SF

    HighLights

    • $249,000 asking price for a vacant commercial lot.
    • 9,000 square foot lot located in Monticello, NY.
    • Fee simple ownership.
    • Gross lease type, suitable for convenience store, QSR, or storefront uses.
    • Located on East Broadway in Monticello's commercial district, 90 miles from NYC.
    • 0.21‑acre lot size.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Monticello
    County
    Sullivan
    State
    New York
    Longitude
    -74.678207449589
    Latitude
    41.652825791944

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    FAQs

    What type of property is this?
    Individual retail property - Vacant 9,000 sq ft lot, ideal for QSR or retail.
    Where is this individual retail property located?
    The property is located at Monticello, NY.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: $249,000 asking price for a vacant commercial lot.; 9,000 square foot lot located in Monticello, NY.; Fee simple ownership.
    Request Owner's contact information
    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
    Monticello, NY 12701
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