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$ 520,000
Est. payment /mo
Active
5 Bank St Monticello, NY 12701
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 874851
Rental Info No
Annual Tax Amount $6,626
Property Sub-Type Mixed Use
Source onekey2
Property Description
MOTIVATED SELLER! Exceptional Redevelopment Opportunity in the Heart of Monticello
Commonly known as the historic “Masonic Building,” this grand brick landmark was once home to the Monticello Masons and has long been recognized as one of the Village's most distinctive architectural properties. Believed to have been constructed in the early 1900s, the building combines historic character with substantial renovation work already completed, creating an outstanding opportunity for investors, developers, or business owners. The property consists of approximately 13,680 sq. ft. spread across three expansive floors of roughly 4,560 sq. ft. each, in addition to a full basement level. Major improvements have already been undertaken, including a newly poured concrete basement floor, repointed stone foundation walls to improve water resistance, new sewer piping, and installation of a hot water heater.
Extensive interior renovation work has also begun throughout the building. New subflooring has been installed, ceilings removed, structural reinforcements completed where needed, and many rooms now feature new sheetrock. These improvements provide a strong foundation for future redevelopment while still allowing flexibility for customization and design.
One of the property's most impressive features is the original Masonic meeting hall located on the top floor. This large open room remains in remarkably good condition and showcases the building's historic charm and character.
Zoning permits a variety of potential uses, including retail stores, professional offices, restaurants, studios, or service businesses on the lower level, with the possibility of multiple residential apartments on the upper floors. The size, layout, and location make this an ideal mixed-use investment opportunity.
Situated just a few hundred feet from Broadway in the Village of Monticello, the property is within walking distance to shopping, restaurants, transportation, and other local amenities. Municipal parking is conveniently located nearby. With easy access and only approximately 1.5 hours from New York City, this property offers tremendous potential for redevelopment, income production, or long-term investment.
Commonly known as the historic “Masonic Building,” this grand brick landmark was once home to the Monticello Masons and has long been recognized as one of the Village's most distinctive architectural properties. Believed to have been constructed in the early 1900s, the building combines historic character with substantial renovation work already completed, creating an outstanding opportunity for investors, developers, or business owners. The property consists of approximately 13,680 sq. ft. spread across three expansive floors of roughly 4,560 sq. ft. each, in addition to a full basement level. Major improvements have already been undertaken, including a newly poured concrete basement floor, repointed stone foundation walls to improve water resistance, new sewer piping, and installation of a hot water heater.
Extensive interior renovation work has also begun throughout the building. New subflooring has been installed, ceilings removed, structural reinforcements completed where needed, and many rooms now feature new sheetrock. These improvements provide a strong foundation for future redevelopment while still allowing flexibility for customization and design.
One of the property's most impressive features is the original Masonic meeting hall located on the top floor. This large open room remains in remarkably good condition and showcases the building's historic charm and character.
Zoning permits a variety of potential uses, including retail stores, professional offices, restaurants, studios, or service businesses on the lower level, with the possibility of multiple residential apartments on the upper floors. The size, layout, and location make this an ideal mixed-use investment opportunity.
Situated just a few hundred feet from Broadway in the Village of Monticello, the property is within walking distance to shopping, restaurants, transportation, and other local amenities. Municipal parking is conveniently located nearby. With easy access and only approximately 1.5 hours from New York City, this property offers tremendous potential for redevelopment, income production, or long-term investment.
Location
State NY
County Sullivan County
Rooms
Basement Full, Storage Space, Unfinished
Interior
Heating None
Cooling None
Fireplace No
Exterior
Utilities Available Electricity Connected, Sewer Connected, Trash Collection Public, Water Connected
Building
Story 3
Sewer Public Sewer
Water Public
Structure Type Block,Brick
Others
Special Listing Condition None
Listed by R J Katz Realty • Harold B. Reynolds
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