55 Foss Rd Monticello, NY 12701-3403

Property Details for 55 Foss Rd

Year built

1974

Lot size

1.23 lot acres

Property size

680 SF

Zone code

HC2

Property type

Auto shops

APN

484689 24.-1-60.1

APU

484689241601

Description

This exceptional investment opportunity in Monticello, NY, boasts high visibility from Route 17, just before Exit 107 westbound. The property comprises two parcels totaling 3.45 acres. One 2.22-acre parcel, zoned Commercial Industrial, currently operates as an impound and storage lot. The second 1.23-acre parcel, zoned Highway Commercial, features two income-generating buildings. A four-bay garage, approved for motor vehicle repairs, towing, and storage, generates $1,500 per month in rental income (plus utilities). Additionally, a two-bedroom house on the same parcel provides an additional $1,000 per month in rental income (plus utilities). Further enhancing the investment potential is a highway sign generating $600 per month in rental income. This property presents a compelling opportunity for investors seeking a diversified income stream from a strategically located, high-traffic area. The combined rental income provides a substantial return on investment. The property's zoning allows for a variety of uses, making it an attractive option for future development or expansion. This is a rare opportunity to acquire a well-established, income-producing property in a prime location. The property's size and zoning provide flexibility for a variety of business ventures. Don't miss this chance to secure a profitable investment.