47 W Main Street, Smithtown, NY, 11787 | $899,999

Opportunity knocks in one of Long Island’s most desirable commercial storefront located in the heart of Main Street, Smithtown. This is zoned as central business and is ideal for investors or business owners seeking visibility, space, and growth potential. Previously home to the long-standing and successful A&E Unfinished Furniture retail store, this property has since been transformed into a thriving educational center and professional office space. The building has been well maintained and recently upgraded, including a fully finished basement with outside entry and bathroom, effectively doubling your usable space. Zoning ideal for office, retail, education, medical, bar/ restaurant, funeral home, professional services and more! Fully finished lower level with separate access and bath. Main level currently built out for professional/office use. High-traffic, walkable location close to shops, dining, LIRR, and major roads. If you are looking for office use, this is move-in ready! Priced to sell, this opportunity will go to the highest and best offer with favorable terms. We are looking for a fast sale and are ready to pass the torch to the next success story. Your success is our success, let's seal the deal!

Features

  • Property Type: Mixed Use
  • Construction: Frame, Other
  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Natural Gas, Other
  • Cooling: Central Air, Ductless
  • Year Built: 1933
  • Est. Taxes: $17,926
  • Appliances: Microwave, Refrigerator
  • MLS#: 981964
  • Days on Market: 2 days
  • Website: https://www.raveis.com
    /prop/981964/47wmainstreet_smithtown_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 Seal The Deal Real Estate   Phone: 631-456-4600

William Raveis Family of Services

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.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
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  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

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

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

47 W Main Street, Smithtown, NY, 11787

$899,999

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 $719,999 $719,999 $719,999
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.125% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.165% 6.259% 6.183%
Monthly Tax Payment $1,494 $1,494 $1,494
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,088 $4,375 $6,076
Total Monthly Payment $5,674 $5,961 $7,662

* 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.