485 Broadway, Monticello

$460,000

0 Bed
5 Baths
3,461 Sqft
.17 Acre
0 Garage

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!

Essential Information
MLS® #20263879
Price$460,000
Bathrooms5.00
Square Footage3,461
Acres0.17
Year Built1930
TypeCommercial Sale
Sub-TypeBusiness
StatusActive
Community Information
Address485 Broadway
AreaOther
CityMonticello
CountySullivan
StateNY
Zip Code12701
Amenities
UtilitiesPropane
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)

Exterior
FoundationSlab
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

Additional Information
ZoningB2
Listing Details
AgentRandi Moody
Listing Courtesy of Malek Properties, Inc.
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