485 Broadway, Monticello, NY 12701 (MLS# 20263879)
$439,000
Monticello, NY 12701
MLS# 20263879
5 baths | 3461 sqft
1 / 34
Property Description
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!
Details
Contract Information
Listing Agreement: Exclusive Right To Sell
Owner Name: Jim Gallagher Holdings Corp
Lease Considered YN: No
Current Price: $439,000
Original List Price: 460000
List Price: $439,000
Status: Active
Listing Contract Date: 2026-07-10
Property Sub Type: Business
Location, Tax, and Legal
911 Address: 485 Broadway
Township: Monticello
General Tax: 1674
School Tax: 2107
Village Tax: 2999
Tax Annual Amount: 6780
Tax Year: 2025
Assessors Full Market Value: 242365
Tax Assessed Value: 98400
Parcel Number: 484601111 0007005000
Tax Lot: 5
Tax Block: 7
Tax Exemptions YN: No
Zoning: B2
Directions: Take Broadway in the village of Monticello
General Property Information
Number Of Units Total: 4
Lot Size Acres: 0.17
Frontage Length: 50 x 100
Sign On Property YN: No
List Price/SqFt: 126.84
Bathrooms Total: 5
Living Area: 3461
Year Built: 1930
Remarks and Miscellaneous
Public Remarks: 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!
Status Change Information
Status Change Timestamp: 2026-07-10
Major Change Timestamp: 2026-08-05T14:25:43Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-08-05T14:25:43Z
Appliances
Built-In Freezer: 1
Built-In Gas Oven: 1
Built-In Refrigerator: 1
Dishwasher: 1
Freezer: 1
Gas Oven: 1
Oven: 1
Propane Cooktop: 1
Range: 1
Range Hood: 1
Refrigerator: 1
Vented Exhaust Fan: 1
Book Information
Liber/Book: 2023
Page: 1297
Section: 111
Construction Materials
Attic/Crawl Hatchway(s) Insulated: 1
Blown-In Insulation: 1
Spray Foam Insulation: 1
Cooling
Heat Pump: 1
Wall Unit(s): 1
Wall/Window Unit(s): 1
Electric
220 Volts in Kitchen: 1
Flooring
Ceramic Tile: 1
Foundation Details
Slab: 1
Heating
Forced Air: 1
Heat Pump: 1
Propane Stove: 1
Lot Features
City Lot: 1
Corner Lot: 1
Near Public Transit: 1
Road Frontage Type
City Street: 1
Road Surface Type
Asphalt: 1
Sewer
Public Sewer: 1
Structure Type
Office: 1
Retail: 1
Utilities
Propane: 1
Water Source
Public: 1
Owner Pays
Insurance: 1
Taxes: 1
Current Use
Commercial: 1
Business Type
Barber/Beauty: 1
Fast Food: 1
Food & Beverage: 1
Professional/Office: 1
Showing Requirements
Call Listing Agent: 1
Combination Lock Box: 1
Sale Includes
Building: 1
Location Tax and Legal
Street Number: 485
Street Name: Broadway
County: Sullivan
State: NY
Zip Code: 12701
Town (Taxable): Other
Property Features
Appliances: Built-In Freezer; Built-In Gas Oven; Built-In Refrigerator; Dishwasher; Freezer; Gas Oven; Oven; Propane Cooktop; Range; Range Hood; Refrigerator; Vented Exhaust Fan
Business Type: Barber/Beauty; Fast Food; Food & Beverage; Professional/Office
Construction Materials: Attic/Crawl Hatchway(s) Insulated; Blown-In Insulation; Spray Foam Insulation
Cooling: Heat Pump; Wall Unit(s); Wall/Window Unit(s)
Current Use: Commercial
Electric: 220 Volts in Kitchen
Flooring: Ceramic Tile
Foundation Details: Slab
Heating: Forced Air; Heat Pump; Propane Stove
Lot Features: City Lot; Corner Lot; Near Public Transit
Owner Pays: Insurance; Taxes
Road Frontage Type: City Street
Road Surface Type: Asphalt
Sewer: Public Sewer
Structure Type: Office; Retail
Utilities: Propane
Water Source: Public
Showing Requirements: Call Listing Agent; Combination Lock Box
Sale Includes: Building
Listing Courtesy of Malek Properties, Inc.
Listing Agent: Randi Moody