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    Property profile & analytics
    FOR SALE
    Commercial land

    86 Jefferson St, Monticello, NY 12701

    7,230 SF 1.4 ac lot Built 1910
    Entity Owned 5-yr Hold Free & Clear
    Property ID
    US63-0223490
    Property summary
    AI-generated overview

    This exceptional 6.9-acre parcel in Monticello, NY, presents a unique opportunity for industrial development. Located just a quarter-mile from NY-17/I-86 Exit 104, this strategically positioned site boasts municipal approvals already in place for a substantial 121,000 square foot industrial building. The property is ideally suited for a variety of uses, including warehousing, distribution, refrigerated food storage, and third-party logistics operations. The site itself is conveniently cleared and partially graded, minimizing site preparation costs and expediting construction. The planned building will feature approximately 121,000 square feet of space with ceilings reaching up to 35 feet, providing ample room for operations and storage. Ample parking is also included in the design, with plans for 27 truck spaces and 61 car parking spaces. Municipal water and sewer services are readily available. This property is zoned BLI (Light Industry) and includes parcels 104-2-Lots 10, 11.2, 11.3, and a portion of lot 13. Sullivan County's business-friendly environment makes this an attractive investment opportunity. The sale includes all necessary municipal approvals, allowing for a seamless transition to construction. Don't miss this chance to acquire a prime industrial site ready for immediate development.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Year built 1910
    Total area 7,230 SF
    Lot 1.4 ac (60,984 SF)
    Zoning code BL1
    APN 484601 104.-2-10
    UPID US63-0223490
    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
    AI Approach AI
    $510k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $365k
    Blend (final) Blend
    $580k
    Owner & transaction history
    Monticello Venture Capital LLC · 5 yrs held
    Monticello Venture Capital LLC
    since 2021
    Last sale
    $625,000
    6 recorded transactions
    2024
    2021
    2005
    $375,000
    1969
    1969
    1969
    Zoning & alternative use
    BL1 · Monticello, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $730,000 +29.5%
    Auto repair, garage $645,000 +14.5%
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    More about this property
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