55 Foss Rd, Monticello, NY 12701-3403
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.
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U-Haul Neighborhood Dealer Car Rental Facility
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Contry's Automotive Ii Auto Parts Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
HC2 · Monticello, NYMonticello. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.