$2,750,000
397 Broadway , Monticello, NY 12701
- 34,290
- sqft
- 1940
- year built
- Status:
- Active
- MLS #:
- 877281
- County:
- Sullivan
- Listed By:
- Harold B. Reynolds - R J Katz Realty
- Office Phone:
- (845) 796-2624
- Agent Email:
- bruce@rjkatzrealty.com
Sponsoring Broker: Steven Domber, Berkshire Hathaway HomeServices Hudson Valley Properties
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.
Highlights
- Commercial Sale
- Business
- Built in 1940
- 511 days on Market
-
- Year Built
- 1940
-
- Construction Materials
- Brick, Block
-
- Cooling
- None
-
- Heating
- Forced Air
-
- Basement
- Full, Walk-Out Access, Unfinished, Storage Space
-
- Lot Features
- Back Yard, Paved
-
- Utilities
- Cable Connected, Electricity Connected, Sewer Connected, Water Connected
-
- Water
- Public
-
- County
- Sullivan
-
- City
- Monticello
-
- Zip Code
- 12701
-
Ask a Question
ez Mortgage Calculator
Enter your details below to estimate your monthly mortgage payment with taxes, fees and insurance.
$
Please enter a valid number
Cost of the current home: $2750000
$
%
Please enter a valid number
Cash you pay when you close
Affects interest rates. 30- or 15- year loans are standard.
%
Default rate is illustrative, set internally by ez Home Search and updated periodically; actual rates vary by lender, credit score, and market conditions.
$
%
Please enter a valid number
$
Please enter a valid number
Typically 0.25% of home value per year.
$
Please enter a valid number
Homeowners association dues.
$ 0
Monthly
Principal and interest:
Property Taxes:
Homeowners Insurance:
HOA Dues:
$0 (0%)
$0 (0%)
$0 (0%)
$0 (0%)
The ez Mortgage Calculator is for educational purposes only. Real-world interest rates and payments can differ due to factors like market trends, location, and loan specifics. Calculations are based on your inputs and might not consider extra costs a lender may add, such as insurance, taxes, and fees; thus, actual repayments could surpass estimates. Please note, ez Home Search does not provide loans, and this tool does not promise lending.
Price History
| 08/14/2025 | Price Changed | $2,750,000 |
| Source: OneKey MLS #877281 | ||
| 06/16/2025 | Listed | $2,950,000 |
| Source: OneKey MLS #877281 | ||
Source: MLS Data
Deed History
| 04/22/2021 | Deed | $1,000,000 |
| 05/13/2003 | Deed | $400,000 |
Source: Public records via Constellation Data Labs
What's your home worth?
Calculate your current home value within seconds.
Similar Listings
Look Throughout Monticello
There are currently 57 properties available in Monticello, with 0 under contract to close soon. Properties in the city have an average sale price of $365,270 and typically spend 175 days on the market before being sold.
Want to compare this property to others available for sale in the area? Use our search to find exactly what you want among our 2,000,000+ listings and to see incredible photos to show you what is possible.
With 50 zip codes in Sullivan County, you have many options in the area. Be sure to claim your free ez Home Search account to make sure you get alerts when a property that meets your needs becomes available.
Source: ez Home Search, MLS Data
Frequently Asked Questions
How do I schedule a tour of 397 Broadway?
We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 397 Broadway.
They know commercial sales in the area well and can give you the guidance you need to buy with confidence.
How do I get more information about 397 Broadway?
Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $2,750,000. We can talk through recent upgrades, potential seller motivation, how this business compares to others in Monticello, and can even get you in to see the property quickly.
How much is the monthly mortgage payment for 397 Broadway?
With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 397 Broadway at around $16,096. This includes estimated property taxes and insurance.
Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.
How do I get pre-approved to buy 397 Broadway?
Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.
Or, let us connect you with our preferred local lender in Sullivan County. They will give you all of your available financing options, based on your specific situation and what is available to you.
Can I negotiate the asking price for 397 Broadway?
In most cases, yes. Whether 397 Broadway is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Monticello's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.
How do I make an offer on 397 Broadway?
We can handle that for you. Our preferred local agent specializes in commercial sales in Monticello and can guide you through every step of the offer process.
You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.
What is the price per square foot for this home?
This home is listed at $2,750,000 with 34,290 sqft of space—that comes out to approximately $80 per square foot.
How long has this property been on the market?
397 Broadway was listed on June 16, 2025, which means it's been on the market for 511 days.
Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.
When was this house built?
This home was built in 1940, making it approximately 86 years old.
What are the property taxes for 397 Broadway?
The most recent public record shows annual property taxes for 397 Broadway were approximately $5,354. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.
Is 397 Broadway still available for sale?
Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.
Source: ez Home Search, MLS Data
Popular Home Searches in Monticello, NY
Open Houses Near Monticello, NY
Land for Sale Near Monticello, NY
Townhomes for Sale Near Monticello, NY
Waterfront Homes for Sale Near Monticello, NY
Waterfront Condos for Sale Near Monticello, NY
Homes with Pools for Sale Near Monticello, NY
Gated Community Homes for Sale Near Monticello, NY
Homes with No Hoa for Sale Near Monticello, NY
Homes in Adult Communities for Sale Near Monticello, NY
Search Nearby Cities
Search Nearby Postal Codes
Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Copyright 2026, OneKey MLS. All rights reserved.
Last Updated: November 09, 2026 at 06:14PM | Source: OneKey MLS | MLS#: 877281
