951 Rt-17B, Mongaup Valley, NY, 12720 | $849,900

Turn-key waterfront restaurant/ retail/ office opportunity in Bethel, New York is ready for the next chapter. This space could easily be reinvented, possibilities are endless. Located on NYS Rt 17B aka “The Woodstock Way”, the gateway to the 1969 Woodstock Music Festival site which is now Bethel Woods Center for the Arts, this is a premium location. The set up in this prime commercial building is unique, as the building is divided into three units (with four electric meters). One space, presently set up as a party/ catering room, can be retail, ice cream, bakery, deli, coffee shop, office space, etc. The middle space is currently used as a pizza parlor complete with brick oven and seating but can also be easily re-imagined. The largest space is a restaurant/bar with outdoor seating on the spacious deck overlooking the beautiful Mongaup River. The double-sided stone fireplace offers ambience, and is a gorgeous main focal point viewed from the dining room and bar area. The building features a fully equipped commercial kitchen with walk-in refrigeration, fully equipped bar, common reception/ lobby space with two restrooms, office with private restroom as well as accessory storage buildings. Seating inside is for a total of 120 plus an additional 50 on the deck. This is a bustling restaurant now and has so much potential to suit your needs as your own eatery concept, catering facility, retail establishment(s), an income investment, medical facility, professional offices, and more. With a WOW location, favorable zoning, ample parking, and extreme high traffic and high visibility, this is a winning investment. The Sullivan County Catskills has so much to offer: Including world class entertainment at Bethel Woods, Kartrite Waterpark, Resorts World Casino, Lakes, hiking, fishing, area lakes for water sports and fishing, and relaxation only 2 hours from NYC.

Features

  • Property Type: Other
  • Construction: Frame
  • Utilities: Cable Connected, Electricity Connected, Propane
  • Parking: Parking Lot
  • Levels: 1
  • Heating: Baseboard, Hot Water
  • Cooling: Central Air, Ductless, Wall/Window Unit(s)
  • Units: 3
  • Year Built: 1994
  • Acreage: 0.91
  • Est. Taxes: $16,015
  • Lot Desc: Cleared, Irregular Lot, Level, Views, Waterfront
  • View: River, Water
  • Water Front: Yes
  • MLS#: 977677
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/977677/951rt17b_mongaupvalley_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Malek Properties   Phone: 845-583-6333

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

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951 Rt-17B, Mongaup Valley, NY, 12720

$849,900

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $679,920 $679,920 $679,920
Term 360 months 360 months 180 months
Initial Interest Rate** 5.375% 6.125% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.117% 6.235% 6.058%
Monthly Tax Payment $1,335 $1,335 $1,335
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,807 $4,131 $5,692
Total Monthly Payment $5,234 $5,558 $7,119

* 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.