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Prime Commercial/Industrial Investment Opportunity – Nearly 4 Usable Acres on Future I-86, with an additional 2 acres on the other side of the interstate, offering a good location for a future billboard opportunity. Attention investors and entrepreneurs: seize this rare opportunity to own nearly 6 acres in total of commercially zoned land with unbeatable visibility and strategic positioning. This property is situated directly on Route 17—soon to be redesignated as Interstate 86—and offers exceptional accessibility, perfectly positioned between both Route 17 and Old Route 17. Just under a mile from the highway entrance and less than 2 miles from Garnet Health Medical Center and the regional UPS distribution hub, this location places you at the heart of one of the Catskills’ most active and growing commercial corridors. This location is the future hotspot with warehouses on the drawing board in much of the surrounding area. Originally a residential 3-bedroom home, the building has been thoughtfully renovated and is now ideally suited for office use. The interior features stylish shiplap walls, a soaring cathedral ceiling, a spacious full bathroom, and three flexible rooms that are perfect for private offices, a conference space, or client meeting areas. A full basement with a garage provides excellent storage or expansion possibilities. Use the upstairs and rent the lower portion- Full Walkout Basement and Garage to a landscaper or someone in need of extra storage space. The property's expansive layout and level terrain offer endless potential: rent out the existing renovated office space for immediate income while developing an additional building on the ample open land. A generously sized parking lot provides convenience for both staff and visitors. With high visibility, proximity to key infrastructure, and room to expand, this is a standout investment opportunity for a visionary buyer. Commercial/industrial parcels of this size and location are becoming increasingly scarce—don't miss your chance to secure a foothold in a rapidly developing area. The billboard on the property will not be conveyed with the sale; this billboard faces Old Route 17~ Broker discloses interest*
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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 | $391,920 | $391,920 | $391,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.360% | 6.304% | 5.648% |
| Monthly Tax Payment | $267 | $267 | $267 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,225 | $2,381 | $3,176 |
| Total Monthly Payment | $2,567 | $2,723 | $3,518 |
* 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.