57 Forestburgh RdMonticello, NY 12701

Property Details for 57 Forestburgh Rd

Year built

1928

Lot size

0.23 AC

Property size (Sq ft)

1,200 SF

Zone code

B1

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

484601 114.-2-11

APU

484601114211

Description

This exceptional 1,776 sq ft commercial property, situated on a 0.23-acre lot at 57 Forestburgh Rd in Monticello, NY, presents a unique investment opportunity. Boasting high visibility on State Route 42, this well-maintained building is currently operating as a hair salon, but its flexible zoning (Commercial/Residential) allows for diverse uses. The modern, open floor plan offers immediate commercial potential, while the second level presents the possibility of conversion into residential space – ideal for a live-work arrangement. Imagine combining your business and home in one convenient location! The property includes municipal water and sewer, a paved private parking area, and a detached two-car garage, adding significant convenience and appeal. Located in the heart of Monticello Village, this property is within walking distance of numerous amenities, including shopping, restaurants, banking facilities, a gym, library, bus transportation, and the Government Center. Enjoy easy access to popular attractions such as Bethel Woods Center for the Arts, Resorts World Catskills Casino, and The Kartrite Indoor Waterpark. The property is heated by oil and offers many possibilities for both business owners and those seeking a unique residential experience. Sullivan County's rapid growth makes this a particularly attractive investment in a thriving community. This is a rare opportunity to acquire a versatile property with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $298,099

  6.5%

  $275,168

  7%

  $255,513

• Comparable approach

  Method

  Valuation

  Relative Method

  $157,846

  Geo Method

  $156,792

• Alternative Use

  Use

  Valuation

  Residential

  $341,208

  Hospitality

  $312,545

  Educational

  $260,034

  Medical

  $268,977

  Retail

  $404,497

Location Insight

City

Monticello

County

Sullivan

State

New York

Latitude

41.6533

Longitude

-74.6979

Property Tax & Assessments

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