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"RARE OPPORTUNITY" - Along the well-traveled Route 304 corridor in the heart of New City sits 511 Route 304, a property just off Main Street, offering both visibility and convenience in equal measure. Currently utilized as a builder’s office, storage facility, and staging yard, the property presents a flexible foundation for a wide range of professional and commercial uses. The existing structure offers approximately 960 square feet on the upper level, where vaulted ceilings lend volume and character to the space. Below, a partial framed basement awaits completion, offering the opportunity to create additional offices, meeting rooms, or functional workspaces tailored to the next owner's needs. Behind the building, ample rear parking supports employees, clients, or fleet vehicles, while the lot extends roughly 173 feet deep and 47 feet wide, with rear access and room for expansion. Zoned PO (Professional Office) under the Town of Clarkstown, the property is well suited for medical, legal, architectural, engineering, and other professional office uses, as well as select businesses permitted within the district. Infrastructure adds to its appeal, with the structure capable of connection to natural gas, municipal sewer and city water, simplifying both renovation and future development. Positioned directly across from CVS and moments from supermarkets, office complexes, and the cafes and restaurants lining New City's Main Street, the location offers exceptional exposure along a main artery while remaining highly accessible. Downtown New City's courts, government offices, banks, and retail amenities are just minutes away and commuters benefit from approximately 40-minute access to New York City under favorable conditions. Whether envisioned as a turnkey professional headquarters, a redevelopment opportunity, or a reimagined build altogether (subject to approvals), 511 Route 304 stands as more than a building or a parcel of land, it is a strategic opportunity. With survey in hand, the next chapter is ready to be written.
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $236,000 | $236,000 | $236,000 |
| 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 | 6.197% | 6.156% | 5.541% |
| Monthly Tax Payment | $1,322 | $1,322 | $1,322 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,340 | $1,413 | $1,897 |
| Total Monthly Payment | $2,737 | $2,810 | $3,294 |
* 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.