Entity Owned Property summary
This exceptional 4,468-square-foot single-tenant medical office building presents a unique investment opportunity in Monticello's central business district. Situated on a 2.999-acre lot at the prominent corner of Broadway and Lakewood, this one-story, 1978-constructed building offers significant potential for a variety of uses, including medical clinics, general offices, or retail establishments. The property boasts ample parking with 20 spaces on-site, supplemented by convenient municipal parking nearby. Currently vacant, the building is ready for immediate occupancy. The zoning is B-2 Business, allowing for diverse commercial applications. Utilities are serviced by NYSEG. The property features a modified triple net lease structure, with the landlord covering base taxes at lease signing; any tax increase beyond the base amount will be the tenant's responsibility. The building's interior is currently empty, with illustrative photos showcasing previous tenant furnishings (which have been removed). The property's Assessor's Parcel Number (APN) is 4601-115-0-0006-001-000, located in Sullivan County. This is a rare opportunity to acquire a well-located, spacious commercial building in a thriving area. Don't miss this chance to establish your business in a prime Monticello location.
Property profile
VerifiedCap rate & NOI
Current use
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Law Firm
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Law Firm
Location
Value estimations
Owner & transaction history
Zoning & alternative use
RM-MHP District § 280-13 Permit procedures. § 280-14 Design standards. Article VA Senior Citizen Affordable Housing Floating District (SCAHFD) § 280-14.1 Purpose. § 280-14.2 Applicability. § 280-14.3 Application procedur…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2021Property description
Physical attributes from public recordsZoning & alternative use
RM · Monticello, NYRM-MHP District § 280-13 Permit procedures. § 280-14 Design standards. Article VA Senior Citizen Affordable Housing Floating District (SCAHFD) § 280-14.1 Purpose. § 280-14.2 Applicability. § 280-14.3 Application procedur…
Zoning
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Zoning designation
Official district profile
RM-MHP District § 280-13 Permit procedures. § 280-14 Design standards. Article VA Senior Citizen Affordable Housing Floating District (SCAHFD) § 280-14.1 Purpose. § 280-14.2 Applicability. § 280-14.3 Application procedur…
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