506 BroadwayMonticello, NY 12701

Property Details for 506 Broadway

Year built

1980

Lot size

0.17 AC

Property size (Sq ft)

4,110 SF

Zone code

B2

Property type

Investment properties

Property subtype

Retail residential properties

APN

484601 111.-3-19.2

APU

4846011113192

Description

This exceptional opportunity presents a thriving, family-owned retail bakery and cafe located at 506 Broadway, Monticello, NY. The 4,110 square foot building sits on a 0.17-acre lot in a bustling, high-traffic area of Monticello. The business boasts a long-standing reputation for its delicious, freshly baked goods, including pastries, cakes, breads, bagels, and cookies. A large display showcases the extensive offerings, while the cafe area provides both indoor and outdoor seating, presenting significant potential for expansion into a full-service restaurant. The prime location offers easy access to major attractions, including Resorts World Casino, Monticello Motor Club and Waterpark, and Bethel Woods Performing Arts Center, ensuring a consistent flow of customers. The business benefits from a loyal customer base and is ready for a new owner to continue its success. The building is heated by oil and features above-ground fuel storage. Priced at $850,000, this turnkey operation offers a rare chance to acquire an established business with significant growth potential in a desirable location. This is a truly remarkable opportunity for an ambitious entrepreneur.

• CAP approach

  CAP return

  Valuation

  6%

  $1,266,025

  6.5%

  $1,168,638

  7%

  $1,085,164

• Comparable approach

  Method

  Valuation

  Relative Method

  $837,964

  Geo Method

  $832,370

• Alternative Use

  Use

  Valuation

  Residential

  $1,168,638

  Hospitality

  $1,070,466

  Educational

  $890,615

  Medical

  $921,245

  Retail

  $1,385,402

Location Insight

City

Monticello

County

Sullivan

State

New York

Latitude

41.6564

Longitude

-74.6909

Property Tax & Assessments

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