55 Foss Rd Monticello, NY 12701-3403
- Auto shops
- 680 SF
- 1.23 lot acres
Current Use by Public Records
- U-Haul Neighborhood Dealer / Trailer Rental Service / Truck Rental Agency
- Contry's Automotive Ii / Towing Equipment Provider
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $255,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $300,000
- 6.5%
- $315,000
- 7%
- $300,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $290,000
- Geo Method
- $325,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $295,000
- Retail
- $280,000
- Mixed-Use
- $380,000
- Hospitality
- $330,000
- Educational
- $295,000
- Residential Income
- $375,000
- Energy
- $380,000
- Income-Based Land
- $315,000
- Food Service
- $315,000
Location Insight
- Map
- Local Demand
- City
- Monticello
- County
- Sullivan
- State
- New York
- Longitude
- -74.6213
- Latitude
- 41.6383
