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    Property profile & analytics

    259 State Rte 17b Monticello, NY 12701

    • Bars
    • 2,827 SF
    • 2.50 lot acres
    OFF-MARKET
    Value Estimation
    $300,000
    Last Sale
    Oct 02, 2024
    $429,000
    Location Intelligence
    Property ID
    US63-4183753
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Bars

    Property Details for 259 State Rte 17b

    Year built
    1990
    Lot size
    2.50 lot acres
    Property size
    2,827 SF
    Zone code
    CI
    Property type
    Bars
    APN
    484689 18.-1-22
    APU
    48468918122

    Description

    This exceptional 2.5-acre commercial property at 259 State Route 17B in Monticello, NY, presents a unique investment or redevelopment opportunity. Boasting 206 feet of road frontage on a highly trafficked route (13,878 AADT in 2019), this site benefits from its strategic location near prominent attractions including Bethel Woods Center for the Arts, Resorts World Casino, Monticello Motor Club, and Monticello Raceway. Currently zoned CI, allowing for diverse uses, the property includes a substantial existing building, formerly a nightclub/bar, complete with a transferable liquor license. The large parking lot offers ample space for customers and potential expansion. The property's level land makes it ideal for redevelopment, aligning with the ongoing revitalization efforts transforming Monticello and the State Route 17B corridor. The seller is open to leasing the property at a net-net-net (NNN) rate of $4,750 per month. This presents a compelling opportunity to capitalize on the area's growth and establish a thriving business in a prime location. The existing structure offers immediate occupancy potential, while the expansive land provides significant flexibility for future development.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $270,000

    • CAP approach

      CAP return
      Estimation
      6%
      $340,000
      6.5%
      $400,000
      7%
      $390,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $385,000
      Geo Method
      $425,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $340,000
      Retail
      $360,000
      Mixed-Use
      $315,000
      Hospitality
      $305,000
      Educational
      $335,000
      Residential Income
      $305,000
      Energy
      $330,000
      Income-Based Land
      $320,000
      Food Service
      $370,000

    Location Insight

    • Map
    • Local Demand
    City
    Monticello
    County
    Sullivan
    State
    New York
    Longitude
    -74.7224
    Latitude
    41.6656

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2021
    $0.00
    $25,100
    $99,900
    $125,000
    -
    $50,200
    $199,800
    $250,000

    Comparable in this City

    • Value Estimation by Request
      3,288 SF

      371 Broadway

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    • Value Estimation by Request
      4,928 SF

      462 State Rte 17b

      BAR, TAVERN • 4,928 SF
      462 State Rte 17b, Monticello, NY 12701-3522
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    • Value Estimation by Request
      6,186 SF

      400 Broadway

      BAR, TAVERN • 6,186 SF
      400 Broadway, Monticello, NY 12701-1357
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    • Value Estimation
      $75,000
      1,344 SF

      402 Sackett Lk Rd

      BAR, TAVERN • 1,344 SF
      402 Sackett Lk Rd, Monticello, NY 12701-4444
      View Details
    • Value Estimation
      $510,000
      5,040 SF

      205 State Rte 17b

      NIGHTCLUB (COCKTAIL LOUNGE) • 5,040 SF
      205 State Rte 17b, Monticello, NY 12701-3660
      View Details
    • Value Estimation by Request
      1,649 SF

      3278 State Rte 42

      BAR, TAVERN • 1,649 SF
      3278 State Rte 42, Monticello, NY 12701
      View Details

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    259 State Rte 17b
    Monticello, NY 12701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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