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This is an exceptional development opportunity in the Sullivan County Catskills! Strategically positioned with outstanding visibility along both the entrance ramp to State Route 17 (I-86) and the interstate itself, this prime property offers unparalleled exposure and accessibility. Extensive frontage on a municipal roadway provides convenient truck and vehicle access, making it an ideal location for a warehouse, distribution center, manufacturing facility, or other commercial enterprise. The generous road frontage may also offer subdivision potential, while the property's high-traffic location and favorable HC-2 zoning create exciting opportunities for a variety of development projects, including hospitality, multifamily housing, affordable housing, mixed-use development, and more, subject to approvals. The land is primarily level with gentle rolling topography, offering flexibility for site planning and construction. Adjacent to the historic Monticello Raceway property and just minutes from major employers including The Center for Discovery and Garnet Health Medical Center - Catskills, the location provides excellent access to workforce, services, and amenities. Conveniently located near downtown Monticello, shopping centers, major intersections, and some of the region's most popular destinations, including Resorts World Catskills, The Kartrite Resort & Indoor Waterpark, and the renowned Bethel Woods Center for the Arts. This highly visible, easily accessible property offers tremendous potential in one of the Catskills' most active growth corridors.
Information is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Source: Hudson Valley Catskills Region
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$1,250,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,000,000 | $1,000,000 | $1,000,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.086% | 6.183% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,678 | $5,996 | $8,439 |
| Total Monthly Payment | $5,803 | $6,121 | $8,564 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.