393 Broadway, Monticello, NY 12701-1353
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.
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
B2 · 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.