397 Broadway Monticello, NY $ 2,750,000
397 Broadway
$ 2,750,000
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397 Broadway

Monticello, NY, 12701
$ 2,750,000
Bedrooms-- Baths-- Sq 34,290

Monthly Estimate*

$ 17,364

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Commercial Property for sale in Monticello, NY

for $2,750,000. This 34,290 square foot building was built in 1940 on a lot size of 1.

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.

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Commercial Active

Price

$ 2,750,000

Property Type

Commercial

Taxes

$ 5,354

Style

Business

Lot Size

1

Year Built

1940

Town/City

Monticello

County/Region

Sullivan

MLS | Web ID

877281

Features
General
Sewer Public Sewer
Heating Forced Air
Cooling None
Utilities Cable Connected Electricity Connected Sewer Connected Water Connected
Zoning B2
Construction Materials Block Brick
Year Built 1940
Stories Count 1
Property Subtype Business
Tax Year 2024
Business Type Arts and Entertainment Commercial Mixed Professional/Office Retail Storage Warehouse
County Sullivan County
Property Type Commercial Sale
Directions GPS
City Thompson
Property Attached Y/N N
Tax Annual Amount 5354
Property Condition Updated/Remodeled
Additional Parcels Y/N N
Building Area Units Square Feet
Standard Status Active
Tax Lot 1
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Interior
Basement Full Storage Space Unfinished Walk-Out Access
Basement Features Full Storage Space Unfinished Walk-Out Access
Basement (Y/N) Y
Entry Level 1
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Exterior
Water Source Public
Foundation Details Block Concrete Perimeter
Building Area Total 34290
Waterfront Y/N N
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Internal Only
Street Number 1 397
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* Excluded Features
List By
Harold B. Reynolds

Listing Agent

R J Katz Realty

Broker

845-796-2624

Contact

Affordability Calculator

$17,810
Per Month
97%
3%
0%
Monthly Principal & Interest
$17,364
Monthly Property Taxes
$446
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4101131 Elementary School
4101327 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/14/2025$2,750,000 -6.78% Price Down
6/16/2025$2,950,000 Listed Price

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397 Broadway, Monticello, NY, 12701 is a Commercial Property for sale at $2,750,000 with 34,290 sqft and a lot size of 1. 397 Broadway was built in 1940. The property's zip code is 12701 which is in Monticello, NY