530 Broadway Monticello, NY 12701
- Commercial real estate
- 12,768 SF
- 15.12 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 530 Broadway
- Year built
- 2023
- Lot size
- 15.12 lot acres
- Property size
- 12,768 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a fully approved, shovel-ready development project in Monticello, NY. Situated on a sprawling 15.12-acre lot, this prime location offers 12,768 square feet of buildable space for a planned 187-unit townhome complex. Eight units are already completed, leased, and generating immediate income, providing a strong foundation for future growth. The remaining 179 units are ready for construction, offering significant potential for substantial returns. Currently designed as a high-end luxury rental project, the development can be easily adapted to individually owned townhomes, catering to diverse market demands. Each unit boasts a modern three-level design, incorporating garages and a thoughtful layout maximizing natural light and functional flow. Extensive infrastructure is already in place, including drainage ponds and underground utilities. Road cuts and clearing are complete, allowing for immediate building permit acquisition. This project addresses the critical need for housing in a rapidly expanding region, offering a lucrative opportunity for investors. Its strategic location near Highway 17/86, Bethel Woods, Resorts World Catskills, and the revitalized downtown Monticello provides exceptional accessibility and proximity to key attractions. Breathtaking Catskill Mountain views further enhance the desirability of this unique development. Don't miss this chance to capitalize on a truly exceptional investment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Monticello
- County
- Sullivan County
- State
- New York
- Longitude
- -74.6966
- Latitude
- 41.6575
