Technical
Financial
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Property profile

393 Broadway Monticello, NY 12701

OFF-MARKET
Office buildings
Property ID
US63-2413702
2,580 SF 1.9 ac lot Built 1950
Entity Owned 10-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property, situated in the heart of Monticello, NY, presents a unique investment opportunity. The building, formerly a library, boasts a substantial 4,488 square feet of usable space, offering significant potential for a variety of commercial ventures. The expansive 1.9-acre lot provides ample off-street parking for employees and clients, a significant advantage in a busy commercial area. Its central location in the Village of Monticello ensures high visibility and easy access for customers. The property's proximity to major roadways ensures convenient commuting for staff and clients. The building's heating system utilizes oil, delivered below ground. The substantial size and versatile layout of this building make it ideal for a range of businesses seeking a prominent presence in a thriving community. The ample parking and convenient location are key selling points, offering a significant advantage over comparable properties in the area. This property represents a rare opportunity to acquire a well-located, spacious commercial building with significant potential for growth and profitability. The previous use as a library suggests a strong foundation and adaptable interior space. Serious inquiries are encouraged to explore the possibilities this property offers.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1950
Total area 2,580 SF
Lot 1.9 ac (82,764 SF)
Zoning code B2
APN 484601 116.-1-7
UPID US63-2413702

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

393 Broadway Monticello, NY 12701-1353
Monticello metro Census 951801
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2016
3 recorded transactions
2021
Price N/A
2016
Price N/A
2016
$310,000

Zoning & alternative use

B2 · Monticello, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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