242 Prospect Road, Monroe, NY

$999,000

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3

Beds

2

Baths

1,678

Square feet

1.00

Acre

About 242 Prospect Road

**A Rare Development & Investment Opportunity** This is far more than three homes—it's a unique opportunity to acquire **three adjoining properties totaling over 3 acres** in one of the area's fastest-growing locations: **234 Prospect Road • 236 Prospect Road • 242 Prospect Road** Being sold together, these three properties create a rare opportunity for **larger land, greater development potential, and multiple income possibilities.** The true value lies in the potential to **combine the parcels and pursue a potential multi-lot subdivision**, with the possibility of constructing multiple homes (subject to all municipal approvals). Strategically positioned **right at the boundaries of major new residential construction and rapidly expanding communities**, this property sits directly in the path of growth while remaining conveniently close to major shopping and surrounding areas. While pursuing future development, the **three existing homes provide immediate income-producing opportunities**, including long-term rentals, large-group or short-term rentals, or personal use while preserving the property's future potential. Whether you're a **developer, investor, or visionary buyer**, this is an exceptionally rare opportunity to acquire multiple adjoining properties with **existing income, substantial land, and significant long-term upside.** surrounding new construction, and remarkable potential of this one-of-a-kind opportunity.**

Features of 242 Prospect Road

MLS® # 1035856
Price $999,000
Bedrooms 3
Bathrooms 2.00
Full Baths 1
Half Baths 1
Square Footage 1,678
Acres 1.00
Year Built 1980
Type Residential
Sub-Type Single Family Residence
Style Split Level
Status Active

Community Information

Address 242 Prospect Road
City Monroe
County Orange County
State NY
Zip Code 10950

Additional Information

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Amenities

Utilities Electricity Connected, Phone Available, Trash Collection Public
Parking Driveway
# of Garages 2
Is Waterfront No
Has Pool Yes
Pool In Ground

Interior

Interior Features Other
Appliances Other
Heating Baseboard, Oil, Other
Cooling Wall/Window Unit(s)
Fireplace No

Exterior

Construction Frame

School Information

District Washingtonville
Elementary Round Hill Elementary School
Middle Washingtonville Middle School
High Washingtonville Senior High School

Additional Information

Short Sale No
RE / Bank Owned No
Taxes (total) $12,873

Listing Details

OfficeeRealty Advisors, Inc
Office Contact914-712-6330

Listing Map

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