About 485 Broadway
Motivated seller presents a premier investment opportunity on the most sought-after block in Monticello! Located right in the heart of town, this four-unit, ground-floor building is in turn-key condition and currently fully occupied, with long term, well established tenants, providing immediate stability and cash flow. The building features two primary commercial anchors: a restaurant and a nail salon. In addition to these retail spaces, the property includes a significantly sized office space located around the corner--complete with its own kitchen, open room, and bathroom--plus an additional smaller office perfect for a desk and storage. The property has been meticulously maintained with extensive recent capital improvements. The exterior features a brand-new roof, new gutters, and new soffits, while the infrastructure has been upgraded with all-new water pipes, a new water meter, a sump pump, and foam insulation in the crawl space. For seamless management, the electric meters are separated for easy billing. Security is also handled by an integrated camera system with two weeks of storage. This is a rare chance to acquire a fully leased, turn-key asset in a high-traffic location. Financials are available for serious buyers--bring your offers today!
Features of 485 Broadway
| MLS® # | 20263879 |
|---|---|
| Price | $439,000 |
| Bathrooms | 5.00 |
| Square Footage | 3,461 |
| Acres | 0.17 |
| Year Built | 1930 |
| Sub-Type | Business |
| Status | Active |
| Days on Market | 61 |
Community Information
| Address | 485 Broadway |
|---|---|
| Area | Other |
| City | Monticello |
| County | Sullivan |
| State | NY |
| Zip Code | 12701 |
Amenities
| Utilities | Propane |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Vented Exhaust Fan, Refrigerator, Range Hood, Range, Propane Cooktop, Oven, Gas Oven, Freezer, Dishwasher, Built-In Refrigerator, Built-In Gas Oven, Built-In Freezer |
|---|---|
| Heating | Forced Air, Heat Pump, Propane Stove |
| Cooling | Heat Pump, Wall Unit(s), Wall/Window Unit(s) |
| Fireplace | No |
Exterior
| Exterior | Attic/Crawl Hatchway(s) Insulated, Blown-In Insulation, Spray Foam Insulation |
|---|---|
| Lot Description | City Lot, Corner Lot, Near Public Transit |
| Construction | Attic/Crawl Hatchway(s) Insulated, Blown-In Insulation, Spray Foam Insulation |
| Foundation | Slab |
Additional Information
| Zoning | B2 |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Randi Moody |
|---|---|
| Office | Malek Properties, Inc. |