This exceptional property features two newly renovated buildings on a high-traffic road, making it an ideal investment. The first building is a 600 sq ft liquor store with a fully updated interior, new counters, and a full basement. The second building is a 1,700 sq ft deli, equipped with a full kitchen, new lighting, a hot food bar, and a new fridge, alongside the existing walk-in fridge. The business, including both the liquor store and deli, is included in the sale, with inventory negotiable separately. Above the deli is a spacious 3-bedroom, 1-bath apartment, recently refreshed with updated floors and paint, and featuring a rebuilt boiler and appliances less than two years old. Both buildings are equipped with central air conditioning and new above-ground oil tanks, with a total of 11 parking spots available, making this a prime turnkey property with strong income potential.
5087 Sound Avenue, Riverhead, NY, 11901
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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