For Sale
$460,000

485 Broadway Monticello, NY 12701

Prime Broadway location, four-unit retail building.

Overview

Added:
Feb 3
Days on market:
78
This exceptional retail property, situated on Broadway in the heart of Monticello, NY, presents a compelling investment opportunity. The 6,922 square foot building sits on a 0.17-acre lot and comprises four units, currently boasting two long-term tenants. One tenant occupies both a restaurant space and a smaller office space with a separate entrance. The office space includes a kitchen, open area, and bathroom. The second office unit offers space for a desk and storage. The building has undergone significant recent improvements, including a new roof, new gutters, and new soffits. The crawl space has been completely renovated with new water pipes, a new water meter, a new sump pump, and added foam insulation. For simplified billing, individual electric meters have been installed for each unit. A security camera system is in place, capable of storing approximately two weeks of footage. This turnkey property offers a strong 7.7% cap rate, and detailed financial information is available upon request for qualified buyers. This is a rare chance to acquire a well-maintained, high-traffic retail building in a desirable location. The property's strong tenancy and recent upgrades make it an attractive investment for those seeking a stable and profitable commercial venture.

Property Details for 485 Broadway

Property type
Retail properties
Square Feet
6,922 SF
Lot Size (sq. ft)
7,405 SF

Location Insight

City
Monticello
County
Sullivan County
State
New York
Latitude
41.6555
Longitude
-74.6899

FAQs

What type of property is this?
Retail property - Prime Broadway location, four-unit retail building.
Where is the retail property located?
The property is located at 485 Broadway Monticello, NY.
What is the asking price?
The asking price for this property is $460,000.
How can I contact the broker?
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485 Broadway
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