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    FOR SALE
    Turn key restaurants

    145 State Route 17B, Monticello, NY 12701

    4,117 SF 0.78 ac lot Built 1975
    Entity Owned 13-yr Hold Free & Clear
    Property ID
    US63-2766733
    Property summary
    AI-generated overview

    This exceptional commercial restaurant property at 145 State Route 17B in Monticello, NY, presents a unique investment opportunity. The building offers a substantial 7,319 square feet of space, divided between a 4,000 square foot first floor and a 3,000 square foot basement. The basement is well-suited for various uses, including ballrooms or expanded kitchen facilities. A significant advantage is the expansive 5,000 square foot parking area, ensuring ample space for customers and staff. The property enjoys a prime location on a busy main road, providing excellent visibility and accessibility. Its proximity to the Monticello Casino and numerous surrounding shopping and dining establishments further enhances its appeal. While some renovations are needed, the potential for this property is considerable, making it attractive to investors and entrepreneurs seeking to capitalize on the thriving local economy. The property sits on a 0.78-acre lot. An adjacent property is also available for purchase

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1975
    Total area 4,117 SF
    Lot 0.78 ac (34,050 SF)
    Zoning code B1
    APN 484601 102.-3-6
    UPID US63-2766733
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Crown 17b Realty LLC · 13 yrs held
    Crown 17b Realty LLC
    since 2012
    3 recorded transactions
    2012
    $138,050
    2012
    $736,000
    1969
    Zoning & alternative use
    B1 · Monticello, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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