315 Thompson Road, Newton (Thompsonville), MA, 12701 | $1,300,000

Location truly is everything. This unique 3-acre corner parcel is zoned Commercial/Industrial and sits at the heart of one of the most dynamic development areas in the Catskills. The property is bordered on all four sides by the 1, 700-acre EPR project, home to Resorts World Catskills Casino, The Alder Boutique Hotel, the Monster Golf Course, and the Kartrite Resort & Waterpark. Whether you want to maintain it as a peaceful private residence, operate a retail business, or bring an entirely new vision to life, the possibilities here are exceptional. With its proximity to thousands of annual visitors and abundant nearby lodging, the site is ideal for a restaurant, wedding venue, gas station/convenience store, or virtually any concept the town will approve. Property Highlights: 3-acre corner lot with Commercial/Industrial zoning, Two spring-fed ponds (approx. 8–10 ft deep): Two historic gazebos relocated from the former Concord Resort clubhouse, both with new roofs: Fenced and gated along the front and two sides; Two drilled wells, one dug well, and a septic system; Municipal water and sewer available at the road (town board approval required for connection); Existing Structures - Residence: 1, 800 sq ft home with a full basement ready to be finished, Retail Building (2016): 1, 025 sq ft commercial space with its own parking lot. Property currently supports both residential living and a separate retail business. Interior showings are limited. This is a rare chance to secure a strategically located property with unmatched visibility and endless potential—whether for personal use, business expansion, or a new commercial venture.

Features

  • Town: Newton
  • Rooms: 6
  • Bedrooms: 2
  • Baths: 2 full
  • Style: Contemporary, Ranch
  • Year Built: 1951
  • Heating: Baseboard, Hot Water, Oil, Propane
  • Cooling: None
  • Basement: Full, Unfinished, Walk-Out Access
  • Approx Sq. Feet: 1,800
  • Acreage: 3.15
  • Est. Taxes: $10,159
  • Lot Desc: Back Yard, Cleared, Corner Lot, Corners Marked, Front Yard, Garden, Landscaped, Level, Near Golf Course, See Remarks, Views, Waterfront
  • View: Open, Trees/Woods, Water
  • Water Front: Yes
  • Elem. School: Kenneth L Rutherford School
  • Middle School: Robert J Kaiser Middle School
  • High School: Monticello High School
  • School District: Monticello
  • Appliances: Dishwasher, Dryer, Freezer, Gas Range, Microwave, Refrigerator, Stainless Steel Appliance(s)
  • MLS#: 981535
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/981535/315thompsonroad_newton_ma?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 The Sunshine Group Real Estate   Phone: 845-796-1200

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Andrew van DykVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 23716

781.490.5670

Andrew.vanDyk@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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315 Thompson Road, Newton (Thompsonville), MA, 12701

$1,300,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Andrew van Dyk

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 781.490.5670

Andrew.vanDyk@raveis.com

NMLS Mortgage Loan Originator ID 23716

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,040,000 $1,040,000 $1,040,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.250% 6.000% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.069% 6.110% 5.932%
Monthly Tax Payment $847 $847 $847
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $5,743 $6,235 $8,636
Total Monthly Payment $6,715 $7,207 $9,608

* 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.