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    OFF-MARKET
    Auto shops

    55 Foss Rd, Monticello, NY 12701-3403

    680 SF 1.23 ac lot Built 1974
    Individually Owned ~ Est. High Equity
    Property ID
    US63-1424301
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Auto shops
    Use group AUTO REPAIR, GARAGE
    Year built 1974
    Total area 680 SF
    Lot 1.23 ac (53,579 SF)
    Zoning code HC2
    APN 484689 24.-1-60.1
    UPID US63-1424301
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • U-Haul Neighborhood Dealer Car Rental Facility
    • Contry's Automotive Ii Auto Parts Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    James M Contrys
    James M Contrys
    1 recorded transaction
    1969
    Zoning & alternative use
    HC2 · Monticello, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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