High-visibility. High-traffic. High-potential. This legacy property presents a rare opportunity along one of the region's most heavily traveled corridors, with approximately 30, 000-40, 000 vehicles passing daily-offering immediate exposure and long-term value. A neighborhood landmark for more than 70 years, the property most recently operated as a private event space. Situated on nearly an acre, the site features a substantial two-story building with a finished basement, approximately 25 on-site parking spaces with room for expansion, and existing infrastructure that supports a wide range of potential uses. Features include central heat, a newer furnace (within six years), and ductwork in place for central air. The scale and layout allow flexibility for future adaptation whether for hospitality, entertainment, or mixed-use concepts. This highly visible location offers a compelling foundation for a variety of possibilities, including a restaurant & lounge concept, multi-level entertainment venue, or a mixed-use investment combining commercial and residential elements. The setting positions any future venture for strong recognition, accessibility, and sustained demand. Buyer to perform due diligence regarding proposed use & any potential conversion of the upper level back to a residential unit. Secure a prominent asset in a thriving corridor where visibility, versatility, and opportunity converge. Schedule a showing today and explore the possibilities this property has to offer!
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:
For homebuyers and sellers, our Attorney Network:
$499,900
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
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $399,920 | $399,920 | $399,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.395% | 6.533% | 5.794% |
| Monthly Tax Payment | $329 | $329 | $329 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,398 | $2,495 | $3,268 |
| Total Monthly Payment | $2,802 | $2,899 | $3,672 |
* 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.