*Street Facing Retail/Restaurant and two small office spaces available for lease* 484 Main Street is a grand 4-story mixed use brick building located in the heart of downtown Middletown. The impressive restaurant space for lease on the first floor has been home to many popular downtown establishments over the years and is just waiting for an experienced operator to bring back the crowds. There is currently a hood, a walk-in cooler and a walk-in freezer already in place. There is a small stage located at the front of the space that would be perfect for live music or comedy but could just as easily be used for additional seating. The city of Middletown encourages local restaurants to provide outdoor seating and this location is no different. The basement offers plenty of room for storage with easy access through the floor to all parts of the restaurant above. Downtown Middletown is a well known destination famous for its high quality and multicultural dining establishments. With the Riverfront Redevelopment in full swing, apartment conversions happening up and down Main Street and the city's plans to redevelop the former parkade, this is the perfect time to bring your vision and talent to Main Street. The small office spaces are 755sf and 445sf in size and are in beautiful condition.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.641.8287
Dave.Beckman@raveis.com
NMLS Mortgage Loan Originator ID 10930
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $10 | $10 | $10 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.582% | 7.159% | 6.518% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $0 | $0 | $0 |
Total Monthly Payment | $75 | $75 | $75 |
* 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.