485 Broadway Monticello, NY 12701

Property Details for 485 Broadway

Year built

1930

Lot size

0.17 lot acres

Property size

3,461 SF

Zone code

B2

Property type

Investment properties

Property subtype

Retail residential properties

APN

484601 111.-7-5

APU

48460111175

Description

This exceptional retail property, situated on Broadway in the heart of Monticello, NY, presents a compelling investment opportunity. The 6,922 square foot building sits on a 0.17-acre lot and comprises four units, currently boasting two long-term tenants. One tenant occupies both a restaurant space and a smaller office space with a separate entrance. The office space includes a kitchen, open area, and bathroom. The second office unit offers space for a desk and storage. The building has undergone significant recent improvements, including a new roof, new gutters, and new soffits. The crawl space has been completely renovated with new water pipes, a new water meter, a new sump pump, and added foam insulation. For simplified billing, individual electric meters have been installed for each unit. A security camera system is in place, capable of storing approximately two weeks of footage. This turnkey property offers a strong 7.7% cap rate, and detailed financial information is available upon request for qualified buyers. This is a rare chance to acquire a well-maintained, high-traffic retail building in a desirable location. The property's strong tenancy and recent upgrades make it an attractive investment for those seeking a stable and profitable commercial venture.