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Presented by
Tery Pedro-Matrone |
Located on Main Street in picturesque Walhalla, this prime 6, 000 sq. ft. retail property is divided into three units, offering an exceptional investment opportunity. Currently, two of the three spaces are rented out at $2, 000 per month each in a triple net lease, generating a steady income of $4, 000 per month. The third unit, a vacant restaurant formerly known as Gather Uptown, is available for lease at $2, 000 per month. Situated on the corner of Hwy 28 - Main Street Walhalla and N. College Street, this property boasts high visibility and foot traffic. Two of the units, one rented and one vacant, are restaurant spaces, providing versatile leasing options. The location is within walking distance of the Performing Arts Center, the future Hotel Alum, and the Walhalla Wanderweg greenway, adding to its appeal. Additionally, the property includes a 4, 000 sq. ft. semi-finished basement, ideal for storage or conversion into additional income space. A vacant lot at the back offers potential for development into parking, retail, outdoor space, or a venue, with potential income exceeding $10, 000 per month. Walhalla, nestled at the base of the Blue Ridge Mountains and close to Lake Keowee, Jocassee, Hartwell, and the scenic Chattooga River, is known as the "Main Street to the Mountains. " This fast-growing area is perfect for a long-term investment, combining natural beauty with a thriving community and tourism. Don’t miss out on this unique opportunity to invest in a property with significant income potential in a rapidly developing location.
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Our Executive Mortgage Banker:
Our Insurance Division:
$699,900
Broker Associate
William Raveis Real Estate
Phone: 401.499.8245
TeryPedro.Matrone@Raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.625.5780
Brianna.Turgeon@raveis.com
NMLS Mortgage Loan Originator ID 2104486
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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| Loan Amount | $559,920 | $559,920 | $559,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.990% | 5.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.285% | 6.156% | 5.522% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,179 | $3,353 | $4,501 |
| Total Monthly Payment | $3,271 | $3,445 | $4,593 |
* 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.