456 Broadway, Monticello, NY 12701
456 Broadway, Monticello, NY 12701
456 Broadway, Monticello, NY 12701
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Randy Reis

Randy Reis

+1(917) 435-4870
$8,500,000
Est. payment /mo
0.55 Acres Lot
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UPDATED:

Key Details

Property Type Mixed Use, Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1021962

Rental Info No

Annual Tax Amount $9,168

Lot Size 0.554 Acres

Acres 0.5544

Property Sub-Type Mixed Use

Source onekey2

Property Description

Premier Downtown Investment Portfolio | 7 Mixed-Use Buildings + 1 Parking Lot | Village of Monticello, NY. A rare opportunity to acquire a stabilized commercial real estate portfolio in the heart of the Village of Monticello's Central Business District. This offering consists of seven mixed-use buildings and one commercial parking lot, strategically positioned along Broadway, the Village's primary commercial corridor. With a combination of established income-producing properties and significant value-add opportunities, this portfolio is ideal for investors seeking immediate cash flow with long-term appreciation and redevelopment potential. The portfolio includes a diverse mix of retail storefronts, professional office space, restaurants, and a residential unit, creating a well-balanced investment with multiple income streams. Several properties feature long-term tenants, while vacant suites provide opportunities to increase occupancy, rental income, and overall portfolio value. Ownership has invested substantially in capital improvements throughout the portfolio, including:
Updated electrical systems, High-efficiency HVAC and mini-split heating and cooling systems, New windows, Updated flooring and interior renovations
Security system installation, Municipal water and sewer service throughout the portfolio. One of the portfolio's most compelling features is the opportunity to significantly increase revenue by completing more than 5,000 square feet of undeveloped space. Subject to Village approvals, this area may be converted into professional office suites, residential apartments, or other permitted uses, creating substantial additional rental income and enhancing the portfolio's long-term value.
The properties are located within the B-2 Business District, which permits a broad range of commercial and mixed-use uses, including: Retail and wholesale businesses, Professional and medical offices, Service businesses, Restaurants and eating & drinking establishments, Funeral homes, Residential uses. Other compatible commercial uses as permitted by the Village.
The portfolio also includes a dedicated commercial parking lot, providing a valuable amenity for tenants, customers, and future development opportunities. The parking lot can continue to generate income, support existing buildings, or serve future expansion plans. 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 Full

Interior

Heating Forced Air

Cooling Central Air

Fireplace No

Exterior

Parking Features Alley Access, On Street, Parking Lot, Private

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Building

Foundation Block

Sewer Public Sewer

Water Public

Structure Type Brick

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

Read Less Info
OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS
Listed by Curasi Realty, Inc. • Marie Savage

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Randy Reis

Randy Reis

+1(917) 435-4870

Team Leader | License ID: 40RE1176716

Team Leader License ID: 40RE1176716

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