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    OFF-MARKET
    Warehouses

    78 Cold Spg Rd, Monticello, NY 12701-4250

    2,100 SF 0.62 ac lot Built 1950
    Entity Owned 5-yr Hold ~ Est. High Equity
    Property ID
    US63-2217935
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Owner & transaction history
    Medirush Transportation LLC · 5 yrs held
    Medirush Transportation LLC
    since 2020
    Last sale
    $84,000
    2 recorded transactions
    2020
    $84,000
    2016
    $105,000
    Zoning & alternative use
    SR · Monticello, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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