Property profile

86 Jefferson St Monticello, NY 12701

FOR SALE
Commercial land
Property ID
US63-0223490
7,230 SF 1.4 ac lot Built 1910
Entity Owned 5-yr Hold Free & Clear
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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

Location

86 Jefferson St Monticello, NY 12701
Monticello metro Census 951801
Google Maps

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

since 2021
Last sale
$625,000
6 recorded transactions
2024
Price N/A
2021
Price N/A
2005
$375,000
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

BL1 · Monticello, NY
Top alternative use upside
Restaurant $730,000 +29.5%
Auto repair, garage $645,000 +14.5%

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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More about this property
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