For Sale
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Property summary
This exceptional 1,776 sq ft commercial property, situated on a 0.23-acre lot at 57 Forestburgh Rd in Monticello, NY, presents a unique investment opportunity. Boasting high visibility on State Route 42, this well-maintained building is currently operating as a hair salon, but its flexible zoning (Commercial/Residential) allows for diverse uses. The modern, open floor plan offers immediate commercial potential, while the second level presents the possibility of conversion into residential space – ideal for a live-work arrangement. Imagine combining your business and home in one convenient location! The property includes municipal water and sewer, a paved private parking area, and a detached two-car garage, adding significant convenience and appeal. Located in the heart of Monticello Village, this property is within walking distance of numerous amenities, including shopping, restaurants, banking facilities, a gym, library, bus transportation, and the Government Center. Enjoy easy access to popular attractions such as Bethel Woods Center for the Arts, Resorts World Catskills Casino, and The Kartrite Indoor Waterpark. The property is heated by oil and offers many possibilities for both business owners and those seeking a unique residential experience. Sullivan County's rapid growth makes this a particularly attractive investment in a thriving community. This is a rare opportunity to acquire a versatile property with significant upside potential.
Property profile
VerifiedCap rate & NOI
Current use
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Nail Salon
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Monticello market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2021Property description
Physical attributes from public recordsZoning & alternative use
B1 · Monticello, NYZoning
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Zoning designation
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The district profile from the municipal source: what is on file for B1 in Monticello, NY.
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