456 Broadway

Description

Prime Mixed-Use Investment Opportunity | Value-Add Asset | Portfolio Offering. An exceptional opportunity to acquire a fully renovated mixed-use building in the heart of the Village of Monticello, offered as part of a larger investment portfolio consisting of seven mixed-use buildings and one parking lot. Well-maintained mixed-use investment property located in the heart of the Village of Monticello's central business district. This income-producing asset is being offered as part of a larger portfolio consisting of seven mixed-use buildings and one parking lot, presenting investors with the opportunity to expand their commercial real estate holdings. The property features three fully leased ground-floor commercial storefronts with established long-term tenants, providing immediate and stable cash flow. The second floor consists of 11 updated professional office suites, thoughtfully designed to accommodate a variety of businesses including medical, legal, financial, counseling, technology, and other professional services. The office level includes a shared reception and waiting area, creating a welcoming environment for tenants and their clients. Updated with high-efficiency mini-split heating and air conditioning systems, offering year-round comfort while reducing operating costs. The building is serviced by municipal water and sewer and is equipped with a security system, providing additional value and peace of mind for both owners and tenants. Positioned on Broadway, Monticello's primary commercial corridor, the property enjoys excellent visibility, convenient accessibility, and consistent vehicle and pedestrian traffic. Broadway experiences an estimated 8,000 to 12,000 vehicles per day providing outstanding exposure for retail and office tenants while benefiting from easy access to NYS Route 17 / Interstate 86, connecting the property to the greater Hudson Valley and Catskills region. One of the strongest investment attributes of this property is the continued demand for quality office space in Monticello. With a limited inventory of updated professional office suites available in the area, this property is well-positioned to maintain strong occupancy and support future rental growth. SBL'S included in this sale - 111-5-16, 111-5-3, 111-7-4, 111-7-3, 111-7-6, 111-5-17, 111-3-17, 111-5-18