Property profile

78 Cold Spg Rd Monticello, NY 12701

OFF-MARKET
Warehouses
Property ID
US63-2217935
2,100 SF 0.62 ac lot Built 1950
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 3,100 square foot industrial property, situated on a generous 1.61-acre lot in Monticello, NY, presents a remarkable investment opportunity. Located in a high-traffic area with Hwy commercial zoning, this versatile property allows for a wide range of commercial and residential uses. The fully fenced, level lot sits on the corner of two roads, providing excellent visibility and accessibility. The existing solid block building features high ceilings and a dry full basement equipped with a propane furnace. Currently undergoing a comprehensive renovation, the property boasts significant upgrades including a new roof, new electrical systems, and new sheetrock. These improvements lay the groundwork for a variety of potential uses, such as a large residential home office, daycare center, storage units, automotive parking lot, or food distribution facility. The building's flexibility and ongoing renovation offer ample room for customization to meet specific business needs. Its strategic location near Route 17 and Monticello's thriving community, coupled with the proximity to popular attractions like Resorts World Casino, Kartrite Indoor Water Park, and YO1 Spa, ensures a consistent flow of potential customers and significant investment returns. Municipal water and sewer services are readily available. This property is primed for immediate development and represents a compelling opportunity for discerning investors.

Property profile

Verified
Property type Warehouses
Use group BULK STORAGE, TANKS
Year built 1950
Total area 2,100 SF
Lot 0.62 ac (27,007 SF)
Zoning code SR
APN 484689 30.-5-2
UPID US63-2217935

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

78 Cold Spg Rd Monticello, NY 12701-4250
Monticello metro Census 951600
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$95k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$95k

Owner & transaction history

since 2020
Last sale
$84,000
2 recorded transactions
2020
$84,000
2016
$105,000

Zoning & alternative use

SR · Monticello, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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