66 East Broadway, Monticello Village, NY 12701
Listing Presented By
Harold B. Reynolds
R J Katz
Commercial - Monticello Village, NY
HOTEL AND RETAIL PADS ONE MILE FROM NEW MONTICELLO CASINO. A 5.2 acre development parcel located at 66 East Broadway, immediately off the new 4-way exit 106 on I-86 ( formerly Rt. 17 ) in Monticello, New York with full approvals for a 100 room, 4-story selected service hotel, a retail pad for a 5,700 square foot facility and a second retail pad for a 1,800 square foot facility. The site has available municipal water, sewer and electric and significant tax advantages will be available from the industrial development agency. IN DECEMBER 2014, NEW YORK STATE ISSUED A LICENSE FOR GAMBLING to the Montreign Casino & Resort, a 95,200 square foot gambling and poker facility with only 333 all-luxury hotel rooms, which will be located off the same Exit 106 ramp. Construction is well under way and the Casino will be open before March 2018. A hotel on this development site would be the newest and nicst facility available for 25 miles to the east ( Middletown ), 90 miles to the Northwest ( Binghamton ), 25 miles to the West ( Matamoras ) and 45 miles to the Northeast ( Kingston ). Property has great visibility from route 17 ( I-86 ). Prop-forma Hotel P & L and IRR calculations are available to serious investors.
Last Updated: March 28, 2017
Posted: August 15, 2016