740 Southwoods DrMonticello, NY 12701

Property Details for 740 Southwoods Dr

Year built

1989

Lot size

1.00 AC

Property size (Sq ft)

1,812 SF

Zone code

CI

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

484689 31.-1-80.3

APU

484689311803

Description

This exceptional mixed-use property, located at 740 Southwoods Drive in Monticello, NY, 12701, presents a unique investment opportunity. Situated on a 2.2-acre lot with Highway Commercial zoning, this property boasts two buildings offering a diverse range of spaces. The main building features a 1,800 square foot house with three bedrooms, two bathrooms, a kitchen, living room, outside patio, and attic. The house includes gas heat and window air conditioning. The property also includes a 3,000 square foot warehouse space. The lower level of the warehouse has windows and 7-foot ceilings, while the ground floor offers 9 to 12-foot ceilings and a drive-in feature. The property benefits from excellent visibility and signage, easy access from Route 17, and proximity to downtown Monticello. Utilities include gas heat, a septic tank, and well water. This versatile property is suitable for a variety of commercial, industrial, and medical office uses, making it an attractive option for investors seeking a multi-faceted investment in Sullivan County, New York. The property's zoning and location offer significant potential for growth and development.

• CAP approach

  CAP return

  Valuation

  6%

  $558,160

  6.5%

  $515,224

  7%

  $478,423

• Comparable approach

  Method

  Valuation

  Relative Method

  $369,438

  Geo Method

  $366,972

• Alternative Use

  Use

  Valuation

  Residential

  $515,224

  Hospitality

  $471,943

  Educational

  $392,651

  Medical

  $406,155

  Retail

  $610,790

Location Insight

City

Monticello

County

Sullivan

State

New York

Latitude

41.6397

Longitude

-74.6389

Property Tax & Assessments

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