|
New Price - Prime commercial opportunity in redevelopment zone. This 7, 172 sq ft concrete block building sits on a 0. 33-acre corner lot in a high-traffic corridor along Ridgewood Avenue (U. S. -1). Zoned for retail or mixed commercial use, the property has been updated and permitted, offering exceptional versatility rarely found on the market today. The building’s layout combines retail, office, and warehouse space, a unique mix that suits countless business models and is easily dividable into multiple revenue streams. The front retail area (approx. 4, 500 sq ft) features a large bar top island, soundproof viewing window, and partial soundproof wall offering visibility into the warehouse area while allowing for quiet operation in the retail space. The warehouse/workshop space (approx. 2, 600 sq ft) includes a 12’x12’ automatic garage door (2020) and generous open floor area for production, storage, or distribution needs. A large executive office with a private restroom, plus three additional restrooms (four total) and a kitchenette, provide excellent functionality for staff and customers. The property also includes a separate music studio space with a private entrance—ideal for creative or specialty use, with potential for restoration or customization to fit your business vision. Recent upgrades include a new roof (2020), new plumbing (2020), new HVAC (2022), new electric (2019), and new vinyl flooring throughout. Additional highlights include an insulated attic, ADA-compliant restrooms, and a large, highly visible monument sign for maximum exposure. Located within an Opportunity Zone, this property offers potential tax advantages for investors. All improvements are permitted and up to code. With its one-of-a-kind combination of retail, warehouse, and office space, there’s truly nothing else like it on the market so make a move and come see this great property today. There are no warranties expressed or implied. All measurements are approximate. Sq. footage received from the tax rolls. All information recorded in the MLS is intended to be accurate but can not be guaranteed. Buyer should check zoning for use restrictions.
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:
$879,900
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $703,920 | $703,920 | $703,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.875% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.154% | 5.996% | 5.932% |
| Monthly Tax Payment | $399 | $399 | $399 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,997 | $4,164 | $5,845 |
| Total Monthly Payment | $4,488 | $4,655 | $6,336 |
* 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.