689 Heiden Rd, Monticello, NY 12784
This exceptional 7,600 square foot property, situated on five acres in Monticello, NY, presents a unique investment opportunity. Ideally located just two miles from Exit 107 off Route 17, across from the HCS Resort (formerly the Raleigh Hotel) and adjacent to Venetian Villas, this property boasts a prime Catskills location with year-round services. The existing structure, a former motel known as the Mountain Pine Motel, offers significant potential for redevelopment or restoration. The building features a 3,700 square foot footprint per floor. The first floor includes a small indoor pool, a library, nine bathrooms, a commercial kitchen, three large rooms (approximately 16' x 22'), and three standard-sized rooms. The second floor comprises fourteen rooms, each with a full bath and a small kitchenette. An outdoor pool complements the existing amenities. The property also enjoys a picturesque setting, backing up to Kiamesha Creek and a tranquil waterfall. Past approvals exist for an expansion of fourteen additional suites. Currently tax-exempt, the property's previous use as a school by a congregation suggests its adaptability to various purposes. Ideal for a camp, motel, or other commercial venture, this property offers the chance to create a dream haven or explore subdivision/development possibilities. The substantial size and prime location make this a truly remarkable opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
3 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.