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Located in the Business Highway Zoning District in the Town of Wawarsing, this exceptional multi-use offers 5. 077 acres with an impressive 315 feet of frontage on Route 209. This unique property offers a rare combination of commercial, residential, and agricultural potential. Historically utilized as a motel, later as a charter bus terminal, and continuously as a residence, the property features multiple structures suited for a wide range of uses. The standout feature is a steel garage building constructed in 2011, measuring 60' x 36' with an 18' ceiling height (24' at peak). This well-maintained building is in excellent condition and includes three roll-up doors (two front doors measuring 14' x 14' and 12' x 14', plus one rear door measuring 14' x 14'), three man-doors, a concrete floor with radiant heat capability, and 3-phase electric service—ideal for commercial, industrial, or storage use. Also included is a beautifully renovated 20' x 40' double-wide manufactured home, offering immediate occupancy. Fully updated in 2020, the interior features an open-concept living room and kitchen, dining area, two bedrooms, full bath, and porch. Renovations include new walls, sheetrock, windows, doors, laminate flooring, recessed lighting, kitchen cabinetry, countertops, sink, and GE appliances including a propane stove, microwave, and refrigerator. Additional features include an inline propane water heater, washer/dryer hookup, municipal water, and an updated septic system. The original one-story motel building includes five rooms with exterior entrances, plus an attached residence featuring a large kitchen, combined living/dining room, three bedrooms, and full bath. While this structure is currently in poor to fair condition and requires significant renovation, it offers substantial redevelopment potential. In addition to municipal water, the motel building is connected to a functioning private well. For agricultural or recreational use, the property also includes a 24' x 24' barn with two 12' x 12' stalls, generous storage space, and a fenced corral. A separate fenced field measuring approximately 175' x 75' is currently used for horses, but offers additional flexibility for parking, expansion, or future development. With its prime highway frontage, flexible zoning, multiple existing structures, and endless potential for business, residential, agricultural, or redevelopment opportunities, this is a rare investment opportunity in a highly visible location. Property (Section 75. 4, Block 1, Lot 33)
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Our Executive Mortgage Banker:
$550,000
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 | $440,000 | $440,000 | $440,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.424% | 6.640% | 5.972% |
| Monthly Tax Payment | $460 | $460 | $460 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,673 | $2,778 | $3,654 |
| Total Monthly Payment | $3,225 | $3,330 | $4,206 |
* 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.