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Turnkey Wedding & Event Venue - Income-Producing Property* Old Spanish Quarter is a fully operational wedding and event venue offering immediate income and future growth potential! Located on 6. 04 acres across three parcels with flexible PUD zoning, this property combines established revenue with expansion opportunity. The two-story Spanish Revival main building, originally built in 1960 and renovated in 2023, totals 11, 467 square feet, including 7, 992 square feet under air. The venue is fully permitted as a Club/Lodge/Event Venue and hosts weddings, receptions, corporate events, and private parties. The indoor reception hall features exposed white brick, tile flooring, black iron chandeliers, high ceilings, and natural light. It seats 150 guests with buffet and dance floor, accommodates 200 for typical events, and allows up to 277 occupants Outdoor spaces include a landscaped courtyard with multiple ceremony locations and a 1, 358-square-foot covered pavilion for weather backup. Additional improvements include a 450-square-foot conditioned Groom Suite building, a bridal suite inside the main building, and a 203-square-foot office. The property includes ample paved and grass parking across all three parcels, providing room for expansion. The sale includes the established brand, website, booking system, and trained staff. The all-inclusive business model provides tables, chairs, setup and breakdown, on-site management, bar service, warming kitchen access, and private suites.
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:
$4,990,000
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
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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 | $3,992,000 | $3,992,000 | $3,992,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.350% | 6.349% | 6.183% |
| Monthly Tax Payment | $2,332 | $2,332 | $2,332 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $23,934 | $24,579 | $33,687 |
| Total Monthly Payment | $26,391 | $27,036 | $36,144 |
* 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.