145 State Route 17B, Monticello, NY 12701
For Sale
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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
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B1 · Monticello, NYMonticello. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.