366 BroadwayMonticello, NY 12701

Property Details for 366 Broadway

Year built

1930

Lot size

0.36 AC

Property size (Sq ft)

6,390 SF

Zone code

EBV

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

484601 112.-6-25

APU

484601112625

Description

This exceptional retail building, situated at 366 Broadway in the vibrant heart of Monticello, New York, presents a compelling investment opportunity. Spanning 6,390 square feet and situated on a 0.36-acre lot, this property boasts a prime location with excellent visibility and ample parking, ensuring high foot traffic and convenient access for customers. Currently 100% occupied, this building offers immediate and consistent rental income. Its excellent condition minimizes the need for immediate capital expenditures, allowing for a smooth transition for the new owner. The building's strategic location within the village ensures easy access to a thriving community and a strong customer base. This is an ideal acquisition for investors seeking a stable, high-performing retail property in a desirable location. The property's size and layout are well-suited for a variety of retail businesses, offering flexibility and potential for future growth. The substantial parking available significantly enhances the property's appeal to both tenants and customers. This turnkey operation presents a rare opportunity to acquire a profitable and well-maintained retail asset in a bustling New York village. The asking price is $950,000. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $1,968,345

  6.5%

  $1,816,934

  7%

  $1,687,153

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,302,821

  Geo Method

  $1,294,122

• Alternative Use

  Use

  Valuation

  Residential

  $1,816,934

  Hospitality

  $1,664,302

  Educational

  $1,384,680

  Medical

  $1,432,301

  Retail

  $2,153,946

Location Insight

City

Monticello

County

Sullivan

State

New York

Latitude

41.6537

Longitude

-74.6803

Property Tax & Assessments

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