78 Cold Spg Rd, Monticello, NY 12701-4250
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.
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
SR · 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.