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Thomas "Chopper" Russo

chopper@chopperrussoteam.com +1(201) 240-5200

$ 899,000

Est. payment | -/mo

8,250 Sqft Lot

Save

$ 899,000

Est. payment | -/mo

Save

8,250 Sqft Lot

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1021955

Rental Info No

Annual Tax Amount $7,874

Lot Size 8,250 Sqft

Acres 0.1894

Property Sub-Type Mixed Use

Source onekey2

Property Description

Prime Commercial Investment Opportunity | Stabilized Asset | Portfolio Offering. Positioned in the heart of the Village of Monticello's vibrant downtown business district, 500 Broadway presents an outstanding opportunity to acquire a well-maintained, income-producing commercial property. Offered as part of a premier investment portfolio consisting of seven mixed-use buildings and one parking lot, this property is ideal for investors seeking stable cash flow with long-term appreciation potential. The building is fully leased to a well-established restaurant operating under a long-term lease, providing immediate and reliable rental income. The tenant has an established presence within the community, making this an attractive, low-management investment opportunity. Recent capital improvements enhance the property's value and reduce future maintenance expenses, including: Updated high-efficiency mini-split heating and air conditioning systems, Interior renovations and the roof. The property is serviced by municipal water and sewer, further contributing to ease of ownership and dependable operations. Strategically located on Broadway, Monticello's primary commercial corridor, the property benefits from exceptional visibility, consistent pedestrian activity, and an estimated 8,000 to 12,000 vehicles per day, providing excellent exposure for its commercial tenant. Convenient access to NYS Route 17 / Interstate 86 connects the property to the greater Hudson Valley and Catskills region, making it easily accessible for residents and visitors alike. SBL'S included in this sale - 111-5-16, 111-5-3, 111-7-4, 111-7-3, 111-7-6, 111-5-17, 111-3-17, 111-5-18

Location

State NY

County Sullivan County

Rooms

Basement Storage Space

Interior

Heating Forced Air

Cooling Central Air

Fireplace No

Exterior

Parking Features Private

Utilities Available Cable Connected, Electricity Connected, Phone Connected, Sewer Connected, Water Connected

Total Parking Spaces 12

Building

Story 1

Foundation Block

Sewer Public Sewer

Water Public

Structure Type Stucco

Schools

Elementary Schools George L Cooke School

Middle Schools Robert J Kaiser Middle School

High Schools Monticello

School District Monticello

Others

Special Listing Condition None

OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS

Listed by Curasi Realty, Inc. • Marie Savage

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Thomas "Chopper" Russo

Broker Associate

+1(201) 240-5200

500 Broadway Monticello, NY 12701

Thomas "Chopper" Russo

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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500 Broadway