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Commercial 4 Unit 485 Broadway 3,461 SF 100% Leased Retail Building Monticello, NY 12701 $460,000 ($132.91/SF) 7.70% Cap Rate
INVESTMENT HIGHLIGHTS
- Heavy daytime foot traffic.
- Busy business district.
- Established businesses already in place.
- The structure features a new roof, new gutters and new soffits all around.
EXECUTIVE SUMMARY
The best block on Broadway is presenting a great opportunity! Right smack in the middle of town. This is a four unit, ground floor building in turn key condition with two long term tenants and 2 spaces ready to go for rental. One office space features a kitchen open room and bathroom and the other is a small office with room for a desk and storage. The structure features a new roof, new gutters and new soffits all around. In the crawl space there are all new water pipes, water meter, sump pump and foam insulation. The electric meters have been separated for easy billing. The camera system will hold about 2 weeks of footage. Financials are available for serious buyers. Strong cap rate!
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
3,461 SF
Building Class
C
Year Built
1930
Price
$460,000
Price Per SF
$132.91
Cap Rate
7.70%
NOI
$35,420
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.47
Lot Size
0.17 AC
Opportunity Zone
Yes
Zoning
B2 - B-2 zoning is often used for local centers, which are the hubs of local government areas.
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 4601-111-0-0007-005-000 | Improvements Assessment | $79,700 |
| Land Assessment | $18,700 | Total Assessment | $98,400 |
PROPERTY TAXES
Parcel Number
4601-111-0-0007-005-000
Land Assessment
$18,700
Improvements Assessment
$79,700
Total Assessment
$98,400
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Commercial 4 Unit | 485 Broadway
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