397 Broadway

Description

A truly exceptional commercial property offering remarkable space, character, and versatility in the heart of the Village of Monticello. This magnificent and distinctive building, showcasing the architectural character and craftsmanship of the 1940s, presents a rare opportunity to acquire one of Monticello’s most substantial and unique commercial properties. Combining impressive size, dramatic open interior space, extensive recent renovations, and a highly convenient Village location, this property offers extraordinary potential for an investor, developer, business owner, or organization. The main level features over 18,000 square feet of expansive clear-span space, providing an impressive open floor plan with minimal interior obstructions. An additional 13,000+ square feet in the basement brings the building to more than 31,000 square feet of total space. With approximately 16-foot ceiling heights below the steel trusses, the building offers the scale and flexibility necessary to accommodate a wide variety of potential uses. The expansive clear-span design creates numerous possibilities, including retail, showroom, entertainment or event space, recreational facility, institutional or educational use, gallery, warehouse, distribution, specialty commercial operations, or redevelopment, subject to applicable municipal approvals. Currently utilized as a museum displaying an extensive and fascinating collection of items from Mexico, the building underwent a major comprehensive renovation in 2023. Significant improvements include a new roof, new windows throughout, a new concrete main floor, upgraded electrical service, all-new plumbing, new heating systems, and extensive landscaping. These substantial improvements have transformed the property while preserving the distinctive character and architectural presence of the original building. An additional and important feature is the depth of the property itself. The land extends from the building all the way to Ann Street, offering the potential for an additional entrance or exit. This rear access could provide greater flexibility for deliveries, customer or employee access, traffic circulation, or future redevelopment of the property. The building is ideally situated in the center of the Village of Monticello, within walking distance of shopping, restaurants, transportation, municipal services, and other Village amenities. Its central location provides convenient access to the surrounding Sullivan County market while being approximately 1½ hours from New York City. Properties offering this combination of more than 31,000 square feet, clear-span construction, approximately 16-foot ceiling heights, extensive recent renovations, potential access from two streets, and a central Village location are rarely available. Whether envisioned as a destination retail or entertainment facility, recreational complex, showroom, institutional headquarters, specialty commercial operation, redevelopment project, or investment property, this remarkable building provides the space, infrastructure, accessibility, and flexibility to accommodate an impressive range of possibilities. A unique opportunity to acquire a substantial, extensively renovated commercial property with tremendous potential in the heart of Sullivan County.