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Presented by
Daniel Kolich |
Prime opportunity for a business owner to own the building you operate in—rather than lease it. Positioned on highly visible E Main Street and surrounded by established commercial anchors including a CVS, gas station, and local tavern, this property offers strong exposure and long-term upside for the right end user. Currently configured as a 2-bedroom, 2-bath home (~1, 500 SF on a 0. 32-acre lot), the property presents a unique opportunity to convert or adapt to a variety of neighborhood business uses (subject to proper permits and approvals). Ideal for professional services such as attorneys, accountants, therapists, tax professionals, or boutique retail. Potential also exists for food-related concepts, office use, or service-based businesses looking for accessibility, visibility, and parking. For entrepreneurs and small business owners, this is a chance to control your overhead, build equity, and establish a long-term presence in a well-trafficked corridor rather than continue leasing space. The property can also be enjoyed as a residential home for buyers seeking flexibility or future mixed-use potential. Ample lot size, existing driveway parking, and proximity to established businesses make this a rare find with multiple paths for value. Buyer to verify all zoning and permitted uses with the Town of Smithtown
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William Raveis Real Estate
Phone: 203.667.2467
Daniel.Kolich@raveis.com
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William Raveis Mortgage, LLC
Phone: 203.952.8600
Joseph.Mollica@raveis.com
NMLS Mortgage Loan Originator ID 130058
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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 | $503,999 | $503,999 | $503,999 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.490% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.524% | 5.730% |
| Monthly Tax Payment | $569 | $569 | $569 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,018 | $3,144 | $4,115 |
| Total Monthly Payment | $3,679 | $3,805 | $4,776 |
* 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.