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Located in the heart of Fair Harbor’s vibrant downtown, Fair Harbor Market represents a rare opportunity to acquire one of Fire Island’s most established and successful grocery businesses. Serving the neighboring communities of Fair Harbor, Dunewood, Lonelyville, Atlantique, Saltaire, and Kismet, the market has been a cornerstone of Fire Island’s west end since 1968, operating as the area’s primary destination for groceries, prepared foods, deli service, meats, seafood, beach essentials, and everyday conveniences for generations of residents and summer visitors. Operating annually from May through October, the business benefits from steady, high-volume seasonal traffic in one of Fire Island’s most active and socially vibrant communities, known for its beach culture, lively summer atmosphere, and iconic sunset views. Offered together with the commercial real estate, this is a true turnkey investment opportunity featuring both a thriving business and an exceptionally well-positioned commercial property in a highly sought-after location. The market is thoughtfully laid out for efficient, high-volume operation and features four main grocery aisles, dedicated deli cases, and a large beverage section, creating a comprehensive shopping experience for both residents and vacationers. Behind the deli counter, a walk-in refrigeration box supports seamless food preparation and storage operations. The property is further equipped with a computerized house account system, ATM, commercial ice machine, new cooking hood with integrated fire suppression system, electric grill, walk-in freezer, dual walk-in coolers, extensive refrigerated display cases for dairy, meat, beer, beverages, frozen foods, and ice cream, as well as multiple box freezers and a high-capacity commercial ice maker. An adjoining breakfast, lunch, and ice cream window generates consistent foot traffic throughout the day and evening, while the second-floor two-bedroom apartment offers valuable owner accommodations, staff housing, or rental income potential. A longstanding Fire Island institution with nearly six decades of operating history, Fair Harbor Market offers the opportunity to own an iconic and deeply rooted business at the center of one of Fire Island’s most desirable summer communities.
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Our Executive Mortgage Banker:
$3,350,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $2,680,000 | $2,680,000 | $2,680,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 6.110% | 5.932% |
| Monthly Tax Payment | $1,117 | $1,117 | $1,117 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $14,799 | $16,068 | $22,255 |
| Total Monthly Payment | $16,041 | $17,310 | $23,497 |
* 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.