417 BroadwayMonticello, NY 12701

For Sale
$2,900,000

Two prime parcels, high development potential.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents two contiguous commercial land parcels totaling approximately 68,394 square feet (0.56 to 1.01 acres) located at 417 Broadway in Monticello, New York, zip code 12701. The property is zoned B-2, offering versatile development options. Parcel 1 encompasses 44,000 square feet (Lots 13, 14, 15, and 17), allowing for a three-story building (52,800 square feet) "as of right," with the potential to expand to seven stories (up to 123,200 square feet) with a special use permit. A 40% lot coverage is permitted. Parcel 2 comprises 24,394 square feet (Lot 19), also permitting a three-story building (29,272 square feet) "as of right," expandable to seven stories (up to 68,301 square feet) with a special use permit, and a 40% lot coverage. This prime location is in the heart of Monticello, within walking distance of banks, restaurants, and shopping, and minutes from the Monticello Racetrack. Convenient access to Route 17 enhances its appeal. The property is ideal for a variety of uses, including residential, retail, office, school, or religious facilities. The asking price for this exceptional development site is $2,900,000.

Highlights

  • $2,900,000 asking price for two commercial land parcels in Monticello, NY.
  • Parcel 1: 44,000 SF lot, 40% lot coverage, allows for a 3-story, 52,800 SF building as of right; a 7-story, up to 123,200 SF building is possible with a special use permit.
  • Parcel 2: 24,394 SF lot, 40% lot coverage, allows for a 3-story, 29,272 SF building as of right; a 7-story, up to 68,301 SF building is possible with a special use permit.

Property Details for 417 Broadway

Property type
Other land, Land
Lot Size (sq. ft)
24,394 SF

Location Insight

City
Monticello
County
Sullivan
State
New York
Latitude
41.65428
Longitude
-74.685644
417 Broadway, Monticello, New York

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417 Broadway
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