Unfinished Restaurant/Caf Property A Diamond in the Rough Nestled in a promising location with potential, this commercial property is on its way to becoming the dream restaurant/caf for a visionary entrepreneur. The property showcases new walls, a newly installed ceiling, and comprehensive wiring for electrical needs, ensuring the foundation for modern equipment and lighting. The plumbing system has been completely overhauled, laying the groundwork for a state-of-the-art kitchen and customer restrooms. Although construction has not reached completion, this offers an unparalleled opportunity to customize the space to your exact specifications. Imagine crafting the ideal layout for your kitchen, dining area, and possibly an outdoor seating space to enchant your future patrons. The structural updates provide a blank canvas to bring your culinary vision to life without the hassle of starting from scratch. This property is being sold as-is, presenting a unique chance to step in and finalize a project destined for success. Whether you dream of opening a cozy caf with a buzzing atmosphere or a sophisticated restaurant offering an exquisite dining experience, this space holds endless possibilities. Don't miss the chance to make your mark on the local dining scene. Contact us today to schedule a viewing and start planning your journey toward becoming the newest culinary destination in town.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $320,000 | $320,000 | $320,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.159% | 6.538% |
Monthly Tax Payment | $686 | $686 | $686 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,183 | $2,127 | $2,744 |
Total Monthly Payment | $2,944 | $2,888 | $3,505 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.