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Unique Commercial Investment Opportunity – adult entertainment venue/nightclub with mobile home park income. This rare 1. 1-acre mixed-use commercial property offers both a fully operational adult entertainment business and additional rental income from an on-site four-lot mobile home park. Located in Orange County, New York, this property is one of only three in the county with a special use permit for adult entertainment, originally issued in 1971. The permit has no expiration date provided the club remains in operation, making it an exceptionally scarce and valuable asset. Completely reconstructed/renovated in 2012 from the foundation up, this property includes HVAC system, furnace, well, bathrooms, metal studding, water boards, updated electrical, security system inside & out and so much more. There is a parking lot for approx. 40+ parking spaces. Traffic count is approx. 30, 0000 vehicles per day. It is ADA compliant with a federal FEMA flood policy in place for added security. Fully equipped and sold with all fixtures, furniture, and equipment (detailed list available from listing agent). Current business hours total 67 hours per week, but operations could be expanded to 112 hours per week depending on ownership preference. On the same property, there is a four-lot mobile home park with established month-to-month tenants for park fees. Lot 1: $550/monthly lot rent. Lot 2: construction underway. Lot 3: Owner owned mobile home; currently used personally but estimated $2, 500/month rental value or available for purchase at $25, 000. Lot 4: $600/monthly lot rent. Lots 1, 2, and 4 mobile homes are privately owned; tenants pay lot fees directly to the property owner. Dual income streams: profitable entertainment venue + steady trailer park rental income. Transferrable special use permit with no renewal requirement. Turnkey operation with all equipment included in the sale. This property presents an exceptional opportunity for investors seeking a cash-flowing business with rare zoning rights and additional real estate income. Zoned LC (Limited Commercial), common allowed uses are retail stores, restaurants, service establishments, professional offices, and hotels/motels. Whether you continue the current business or establish a new one, this prime location offers an excellent opportunity to grow and succeed.
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Our Executive Mortgage Banker:
$1,950,000
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 | $1,560,000 | $1,560,000 | $1,560,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | $1,373 | $1,373 | $1,373 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,736 | $9,479 | $13,059 |
| Total Monthly Payment | $10,234 | $10,977 | $14,557 |
* 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.