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497 Broadway 6,950 SF 100% Leased Retail Building Monticello, NY 12701 $1,806,870 CAD ($259.98 CAD/SF)



Investment Highlights
- Mixed-use property featuring three commercial suites and one residential unit in downtown Monticello.
- Recent renovations include updated suites, mini-split HVAC systems, and municipal utility service.
- Two units are leased to long-term tenants, while two vacant commercial spaces offer value-add leasing potential.
- Prominent Broadway location with dedicated parking, strong visibility, and convenient access to Route 17/I-86.
Executive Summary
Prime Mixed-Use Investment Opportunity | Value-Add Asset | Portfolio Offering. An exceptional opportunity to acquire a fully renovated mixed-use building in the heart of the Village of Monticello, offered as part of a larger investment portfolio consisting of seven mixed-use buildings and one parking lot. The property features four units, including three commercial suites and one residential apartment. Currently, two units are leased to long-term tenants, while two vacant commercial suites present an outstanding opportunity to increase cash flow by leasing at current market rates or occupying the space with your own business. The building has been extensively updated, with renovated suites, municipal water and sewer, and high-efficiency mini-split heating and air conditioning systems installed throughout, providing modern comfort and energy efficiency while minimizing maintenance costs. One of the property's greatest assets is its large private parking lot with approximately 16 dedicated parking spaces, a highly desirable feature for both office and retail tenants in downtown Monticello. Strategically located on Broadway, the Village's primary commercial corridor, the property enjoys excellent visibility and benefits from steady daily vehicle traffic and pedestrian activity. Broadway serves as the central business district for Monticello, connecting local businesses, government offices, healthcare providers, restaurants, and retail establishments, while offering convenient access to NYS Route 17 / Interstate 86, making it easily accessible to both local residents and regional visitors. SBL'S included in this sale - 111-7-2, 111-5-3, 111-7-4, 111-7-3, 111-7-6, 111-5-17, 111-3-17, 111-5-18LA must accompany all showings.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
6,950 SF
Building Class
C
Year Built
1920
Price
$1,806,870 CAD
Price Per SF
$259.98 CAD
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.55
Lot Size
0.29 AC
Opportunity Zone
Yes
Zoning
B2 - Commercial
Parking
15 Spaces (2.16 Spaces per 1,000 SF Leased)
Frontage
56’ on Broadway
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $169,248 CAD | |
| Land Assessment | $41,191 CAD | Total Assessment | $210,439 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$41,191 CAD
Improvements Assessment
$169,248 CAD
Total Assessment
$210,439 CAD
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497 Broadway
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