259 State Rte 17b, Monticello, NY 12701
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.
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
CI · 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.