4 Western Avenue, Marlboro, NY, 12542 | $1,300,000

HIT THE GROUND RUNNING: This turnkey business features a long-established and loyal customer base, top-quality equipment, and a dependable team of experienced employees. The three on-site apartments are fully rented and have a consistent history of zero vacancy due to the highly desirable location. GROW THE REVENUE: Significant upside potential exists through expanded catering services, more aggressive marketing, extended operating hours, and increasing apartment rents to market levels. The space also offers flexibility and could be repurposed as a café or restaurant or alternatively converted to office or retail use if desired. Franks Village Market & Deli was established in 1985, with the current building constructed in 2005.  This is an as-is sale including both the Business and Real Estate. Frank’s outstanding reputation extends throughout the Hudson Valley and is an important staple in the local community. Tourists often visit for breakfast or lunch on their way to enjoying the area’s farms, foliage, wineries, and attractions. The building is fully outfitted with modern, well-maintained equipment and enjoys excellent accessibility from the center of the hamlet. The property includes two 2-bedroom apartments and one 1-bedroom apartment, along with prominent visibility on busy Route 9W, which sees approximately 16, 000 vehicles per day passing by. Financials are available for review by serious, pre-qualified buyers. Owner financing may be available, and the owner is open to creative deal structures. Eliminate the typical startup risks by acquiring this well-established, very active business.

Features

  • Property Type: Retail
  • Construction: Advanced Framing Technique, Block, Fiberglass Insulation
  • Utilities: Electricity Available
  • Parking: On Street, Open
  • Levels: 2
  • Heating: Electric, Forced Air, Natural Gas, Propane
  • Cooling: Ductless, Wall/Window Unit(s)
  • Units: 4
  • Year Built: 2005
  • Acreage: 0.05
  • Est. Taxes: $19,135
  • Lot Desc: Level
  • School District: Marlboro
  • Appliances: Convection Oven, Dishwasher, Dryer, Electric Water Heater, ENERGY STAR Qualified Appliances, Exhaust Fan, Freezer, Gas Oven, Gas Range, Ice Maker, Microwave, Other, Refrigerator, Stainless Steel Appliance(s), Washer
  • MLS#: 995065
  • Days on Market: 21 days
  • Website: https://www.raveis.com
    /prop/995065/4westernavenue_marlboro_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 C21 ALLIANCE REALTY GROUP WF   Phone: 845-297-4700

William Raveis Family of Services

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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!
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4 Western Avenue, Marlboro, NY, 12542

$1,300,000

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 $1,040,000 $1,040,000 $1,040,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.375% 6.125% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.117% 6.235% 6.058%
Monthly Tax Payment $1,595 $1,595 $1,595
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $5,824 $6,319 $8,706
Total Monthly Payment $7,544 $8,039 $10,426

* 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.