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    Property profile & analytics
    FOR SALE
    Commercial land

    320 E Broadway, Monticello, NY 12701

    11,128 SF 0.52 ac lot Built 1940
    Entity Owned 11-yr Hold Absentee Owner Free & Clear
    Property ID
    US63-2887577
    320 E Broadway, Monticello, NY 12701 For Sale
    Contact for pricing 11,128 SF
    320 E Broadway, Monticello, NY 12701
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    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Year built 1940
    Total area 11,128 SF
    Lot 0.52 ac (22,651 SF)
    Zoning code EBV
    APN 484601 113.-3-15.1
    UPID US63-2887577
    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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Majestic 2 Realty LLC · 11 yrs held
    Majestic 2 Realty LLC
    since 2014
    Last sale
    $199,000
    2 recorded transactions
    2014
    $56,000
    2014
    Zoning & alternative use
    EBV · Monticello, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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