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Huge opportunity to own a piece of prime commercial real estate on a busy road in Middletown, NY. This high traffic corner lot is home to a successful repair shop and car dealership. This lot is C3 zoning which makes the business opportunities here almost limitless. Used once as a laundromat, but potential to be anything from an arcade all the way to a vet clinic/hospital. From supermarket to daycare, the possibilities here are endless. The current facility use is approved for a 35 car resale lot and is an approved towing facility for the City of Middletown Police Department. This building boasts 4 mechanic lifts and 4 garage entrances. Also inside are three personal entry doors, a small kitchenette/break room, waiting room, a fenced in side yard and upstairs storage area which gives plenty of space for all business types. Above ground oil tank and a waste oil heater in the main repair bay. Also available is a current NYS inspection machine and license which can be purchased separately as well as equipment and tools. Owners are retiring and are willing to negotiate on all business items inside the building. Priced to sell! Do not miss out on this amazing opportunity to own this perfect location for a very successful business endeavor! Has accepted offer.
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Our Executive Mortgage Banker:
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$499,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $399,200 | $399,200 | $399,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.737% | 7.055% | 6.120% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,589 | $2,622 | $3,342 |
Total Monthly Payment | $2,664 | $2,697 | $3,417 |
* 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.