320 E Broadway, Monticello, NY 12701
For Sale
This exceptional 2.01-acre development site, located at 320 E Broadway in Monticello, NY (zip code 12701), presents a remarkable investment opportunity. Zoned EVB, this property offers significant potential for a diverse range of uses, including residential (one-family and two-family dwellings), commercial (retail stores, offices, restaurants), and specialized developments such as daycare centers, places of worship, greenhouses, and more. Special permits allow for mixed-use developments, schools, libraries, museums, hotels, motels, bed and breakfasts, hospitals, nursing homes, assisted living facilities, funeral homes, gas stations, and commercial recreation facilities, including indoor assisted living. The site boasts a prime location directly across from the Mountain Shopping Mall in the heart of downtown Monticello, providing convenient access to banks, various food establishments, and ample shopping options. The Monticello Racetrack is also just minutes away, enhancing the property's appeal and potential for attracting a wide range of clientele. The asking price for this versatile and strategically positioned land is $2,500,000. This is an ideal opportunity for developers seeking a high-impact project in a thriving community.
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
EBV · 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.