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LOCATION LOCATION LOCATION!!! $108k in annual rental income!!! 9 TOTAL BAYS OF SHOP SPACE! HIGH VISIBILITY LOCATION! Exceptional commercial opportunity in absolutely incredible location! This super visible commercial property is situated at the entrance to the Village of Montgomery on Route 17K, right next to Wards Bridge ensuring incredible visibility, traffic, and accessibility. Set on just under three quarters of an acre of land, the site is adaptable for multiple commercial uses, with I2 zoning the list is long! Over 6, 500 total square feet between the two buildings/three spaces. Main shop is 3, 000 sq. ft. with three 14' doors, a 16'x16' office space, bathroom and second level storage, second shop area is 2, 160 sq. ft. with two 14' doors and two 12' doors. Upper street level shop is 1, 350 sq. ft. with two 12' foot doors and an office. This is an absolutely amazing chance to own a riverfront industrial property in one of the most versatile locations to hit the market this year! Featuring 9 total bays of shop space, this property offers unmatched flexibility for a variety of businesses. Extensive recent upgrades, a well-maintained and renovated property with a long list of recent upgrades. Large rear parking area perfect for staff, equipment, or any additional business needs. This is an extraordinary opportunity if you’re looking for prime industrial space in an unbeatable location. Call today for a private viewing.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,750,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,400,000 | $1,400,000 | $1,400,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 4.750% | 5.625% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 5.878% | 5.732% | 5.555% |
| Monthly Tax Payment | $869 | $869 | $869 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,303 | $8,059 | $11,347 |
| Total Monthly Payment | $8,297 | $9,053 | $12,341 |
* 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.