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Positioned at the intersection of Route 52 and Holmes Road, directly across from Milltown Road, this exceptional offering presents two commercial parcels totaling 4. 361 acres, comprised of 3. 19 acres and 1. 171 acres. With a NYS DOT annual average daily traffic count of 5, 415 on Route 52, the property benefits from steady visibility and strong exposure, making it an ideal setting for a wide range of business ventures. Zoned B1, the property allows for an impressive variety of permitted and special uses, offering flexibility for investors, developers, and end users alike. The larger 3. 19-acre parcel boasts 567 feet of frontage on Route 52 and 204 feet on Holmes Road and already features a driveway cut on Holmes Road that leads to a cleared central area, providing a valuable head start for future development. The second parcel offers 155 feet of frontage on Route 52 with a depth of 382 feet, further enhancing the overall usability and presence of the site. Both parcels are located within the municipality of East Fishkill and fall under General Business B1 zoning. The list of permitted uses is vast: Art and craft gallery studios, bakery, bank, brewery, drive through retail and service facilities, farming, nursery (not retail) greenhouses, florist, funeral home, general and professional offices, government buildings, kennels (doggy day-care), medical or dental offices, grocery stores, nurseries, outdoor dining, personal services, professional offices, public parking, repair services, restaurants, retail, solar, theaters. See attached schedule of permitted uses for the special uses that are permitted. Under Accessory Uses, with a special use permit, it includes an accessory one-family occupancy apartment (custodial). Depending on your desired use, you may be able to use the existing 3-bedroom BOH approval that is in place. Conveniently located with easy access to I-84 and the Taconic State Parkway, and approximately 9 miles to the Southeast Metro North train station, this offering combines accessibility with opportunity. This is an incredible chance to acquire two commercial lots with such an extensive range of permitted uses in a highly visible and accessible location.
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Our Executive Mortgage Banker:
Our Insurance Division:
$325,000
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
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $260,000 | $260,000 | $260,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.375% | 5.490% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.301% | 6.500% | 5.691% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,538 | $1,622 | $2,123 |
| Total Monthly Payment | $1,613 | $1,697 | $2,198 |
* 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.