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Versatile mixed-use property offering endless possibilities for investors, business owners, or entrepreneurs. The main level features a spacious former restaurant with a large custom bar, open floor plan, customer seating area, restrooms, and plenty of space to accommodate a variety of commercial uses. While previously operated as a restaurant, the kitchen equipment has been removed, allowing the next owner to customize the space for their own business or convert it to another approved commercial use. The second floor features a beautifully updated, spacious apartment, providing an excellent opportunity for rental income, owner occupancy, or employee housing. This additional income-producing unit helps offset operating expenses while adding long-term investment value. Whether you're looking to establish a restaurant, brewery, tavern, retail business, office, or another commercial venture (subject to local approvals), this property offers exceptional flexibility and investment potential. Conveniently located with excellent visibility and easy access, this is a rare opportunity to own a mixed-use building with both commercial and residential income possibilities.
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$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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $280,000 | $280,000 | $280,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.358% | 6.640% | 5.952% |
| Monthly Tax Payment | $560 | $560 | $560 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,677 | $1,768 | $2,325 |
| Total Monthly Payment | $2,312 | $2,403 | $2,960 |
* 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.