Wonderful opportunity to own a highly visible, mixed-use commercial property on Route 22. In 1982, Karen opened Karen’s Diner and established a dining destination and landmark, well-known and well-loved. Large open Dining Room is filled with natural light, happy diners from near and far, and laughter. Cool Retro counter with stools is a classic! Restaurant seats 49. Average traffic count - 19,000. Huge parking lot, expansive outdoor dining as well. Important features: One Acre lot with 300 feet of level Road Frontage. Two Bedroom Apartment is rented for $1,900 month. Whole-Building Generac Generator. Walk-in Cooler. Karen's Diner serves breakfast and lunch. Adding dinner will greatly increase the current profit. Owner is open to leasing the building or holding a mortgage. Annual rental income will cover the combined taxes and a portion of utility expenses. Turn-Key purchase.
Cooling:
Wall/Window Unit(s)
Basement:
Finished, Partially Finished
Parking:
Oversized, Parking Lot
Construction
Clapboard, Frame
Utilities
Electricity Connected, Phone Connected, Propane, Water Connected
Lot Description:
Cleared, Level, Part Wooded, Rolling Slope
Appliances:
Dishwasher, Gas Range, Refrigerator
56 Route 22, Pawling, NY, 12564
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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