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Presented by
Lora A Merrill |
Versatile Commercial Space – Iconic Edgewater Landmark
This 2, 400 SF block building with a durable metal roof is a well-established Edgewater landmark with over 35 years of history. Zoned for restaurant use and ideally located, the property offers excellent visibility and accessibility, making it a prime spot for your next business venture.
Currently set up as a turnkey restaurant, the building comes fully equipped with commercial kitchen appliances, tables, chairs, lighting, and 30 dedicated parking spaces—everything you need to open your doors on day one. It’s a fantastic opportunity for a new or experienced operator to take over a fully functional space in a high-traffic area.
The property includes extensive storage and a wide range of equipment: drink machines, freezers, coolers, a Pepsi fountain, dessert cooler, grill, deep fryers, commercial dishwasher, and a full set of plates, silverware, and more. It’s stocked with everything a restaurant owner could need to hit the ground running, saving time and significant startup costs.
While tailored for restaurant use, the flexible layout and strong location also make it suitable for a variety of other business types, including retail, office, or specialty services. Whether you're launching a new concept or expanding an existing brand, this iconic building offers the space, tools, and reputation to support your success. All information is deemed to be accurate but is not guaranteed.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$799,000
Luxury Properties Specialist
William Raveis Real Estate
Phone: 239.290.9151
Lora.A.Merrill@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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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 | $639,200 | $639,200 | $639,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 5.990% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.137% | 6.132% | 5.396% |
| Monthly Tax Payment | $245 | $245 | $245 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,579 | $3,828 | $5,096 |
| Total Monthly Payment | $3,916 | $4,165 | $5,433 |
* 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.