Prime commercial opportunity in the heart of the Village of Monticello, offering both immediate income and future development potential. This property includes two parcels with municipal water and sewer. Parcel #111.-12-14 features a 704 sq. ft. commercial building situated on 0.11 acres, currently leased at $1,200 per month on a triple net basis, providing steady income with minimal landlord expenses. Also included is adjacent Parcel #111.-12-15, a cleared 0.54-acre commercial lot that runs along the right side of the building and extends behind it, creating a versatile footprint suitable for a variety of uses such as fast food, retail, office space, or other commercial development. The combined property offers approximately 100 feet of frontage on Broadway and 295 feet of frontage on Park Avenue, delivering strong visibility, accessibility, and exposure in a well-traveled area. With its central location and flexible potential, this is an excellent opportunity for investors, developers, or owner-users looking to expand or build in a growing commercial corridor. Survey available.
Heating:
Ducts, Forced Air, Heat Pump
Cooling:
Ductless, Electric
Utilities
Cable Connected, Electricity Connected, Phone Connected, Sewer Connected, Trash Collection Public, Underground Utilities, Water Connected
515 Broadway, Monticello, NY, 12701
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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