Situated in the heart of Aquebogue on Long Island's North Fork amongst the vines of its famous Wine Country you will find this unique opportunity located at 508-534 Main Road. This 7.65 Acre features proposed plans to build three mixed use buildings featuring 18 residential apartment homes, a 125-seat restaurant, retail storefront and an additional wet use space. Zoned Hamlet Center and Hamlet Residential this site offers ample opportunity for a multitude of other development concepts. Prime location at traffic lit intersection located less than 3 miles from the Peconic Bay Medical Center, a community hospital with access to bustling Downtown Riverhead, and all of its amenities, and national retailers. Currently the site of an income producing fully occupied 7-unit 5,338 SF Freestanding Medical/Professional Office building. Ideal for Developer/Investor or an End-User looking for additional opportunity to generate revenue.
508 Main Road, Riverhead, (Aquebogue), NY, 11931
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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