|
The Park Bar is a historic local landmark that has been serving the community for over 50 years. Known as a friendly neighborhood stop where locals gathered for a bite to eat, a drink, and good conversation, it has always had that “Cheers” atmosphere—where everyone knew your name. ** This is a wonderful opportunity for someone looking to own and operate a bar, pub, or event space. The property offers great potential for parties and private events, with additional space upstairs and a cozy two-bedroom apartment, making it ideal for a business or an owner-operator who wants to live on-site. ** The Park Bar is full of history, character, and opportunity—perfect for someone ready to bring new life to a well-loved local establishment. The bar comes with a temporary liquor license. Oil, mix heats both the motel, apartments, and bar. There is also a mini split in the bar that heats and cools the space thoroughly. New electric hooked up that can now support mini-splits in all motel rooms Above the bar is a 2-bedroom apartment meaning a great opportunity for 6 rentals plus the bar There is also the opportunity to rent out five motel rooms located in the back, adding another possible income stream. The location is close to hunting and fishing areas, Delaware rafting, and Bethel Woods Art Center, creating great potential for concert nights, weekend visitors, and tourism-related business. **
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.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
$420,000
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
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $336,000 | $336,000 | $336,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.500% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.375% | 6.638% | 5.972% |
| Monthly Tax Payment | $502 | $502 | $502 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,069 | $2,124 | $2,790 |
| Total Monthly Payment | $2,646 | $2,701 | $3,367 |
* 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.