485 Broadway Monticello, NY 12701

3,461 SF 0.17 ac lot Built 1930

Entity Owned 3-yr Hold ~ Est. High Equity

Property ID

US63-0129818

$449,000 3,461 SF

485 Broadway, Monticello, NY 12701
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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.