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Discover an unparalleled opportunity to bring your vision to life with this completely gut-renovated restaurant shell in the heart of Tuxedo Park! Located along heavily trafficked Route 17, this high-visibility property has been meticulously upgraded to provide a turnkey blank canvas, ready for your unique vision. This is a NNN lease and the current figure is $9. 02 PSF. Every detail has been addressed, including a brand-new facade, interior, two ADA-compliant restrooms, state-of-the-art HVAC system, upgraded electrical systems, new subfloor, insulated walls, and ceilings. Additionally, a stunning new patio with outdoor seating has been added, offering even more possibilities for your venture. There is a full basement for storage. The flexible T-TC (Tuxedo-Town Center) zoning allows for a variety of uses, including banks, bars and taverns, professional offices, craft workshops or studios, grocery stores, fitness centers, retail shops, and sit-down or take-out restaurants. With the infrastructure for a commercial hood in place, food service is the highest and best use, but the space offers limitless potential for customization. Once home to an iconic diner, this property’s rich history and modern upgrades make it the perfect foundation for something extraordinary. Situated in bucolic Tuxedo Park, this location is easily accessible, with ample on-site parking and proximity to Harriman State Park and Bear Mountain, attracting both local residents and tourists. Whether you’re reimagining a beloved community eatery or launching a new concept, this fully renovated space provides everything you need to make your vision a reality. Schedule a viewing today and explore the endless potential this remarkable property offers!
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Our Executive Mortgage Banker:
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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 | $18 | $18 | $18 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.490% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.374% | 6.524% | 5.373% |
| Monthly Tax Payment | $0 | $0 | $0 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $0 | $0 | $0 |
| Total Monthly Payment | $75 | $75 | $75 |
* 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.