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A prime opportunity awaits! 78 Cold Spring Road offers 1. 61 acres of level land with attractive zoning that allows for both residential use and a variety of commercial uses. This corner property is fully fenced in and benefits from municipal water and sewer. Its location and utilities open the door to versatile possibilities for commercial ventures. The site also features a solid, structurally sound building currently undergoing a remodel. The renovation includes high ceilings, all-new electrical systems, a new roof, and more spacious areas such as a full basement and attic, which makes it suitable for both residential and commercial uses. Located in Monticello, NY, this gem of a property is situated on a commercial main road, adjacent to a rapidly growing community, the fast-growing area needs more commercial ventures. Its convenient proximity to Route 17 and the thriving Monticello area makes it an attractive investment opportunity. Sullivan County's array of attractions and activities, including Resorts World Casino, Kartrite Indoor Water Park, and YO1 Spa, are easily accessible from this prime location. While remodeling the structure, the owner paid close attention to detail, particularly, to allow for customization to suit your preferences, whether for residential or commercial purposes. Indeed, this property benefits from a perfect zoning allowance, enabling it to function as an office or for other types of commercial use, as well as for residential purposes. If your preference leans towards residential, here are the polished specs. The main level of the building features a kitchen, a large dining room, two bedrooms, two bathrooms, and a master bedroom with 2 closets and a spacious bathroom. The extensive attic space is ready for expansion to accommodate additional bedrooms, while the full basement offers further potential. If your preference is commercial, here are the detailed specifications. Many spacious office rooms, a big conference room, closet space, a roomy dining area, an airy waiting room, storage, and more. Come in and finish it with your very own touches, and you have what you wished for. This property presents an exceptional opportunity for a range of businesses, including public storage units, automobile parking lots, food stores, daycare, and more. Additionally, it is well-suited for use as a warehouse and office building. Don't miss out on this fantastic chance to secure a valuable commercial property in a thriving area.
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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 | $440,000 | $440,000 | $440,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.828% | 7.133% | 6.276% |
Monthly Tax Payment | $629 | $629 | $629 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,927 | $2,924 | $3,711 |
Total Monthly Payment | $3,648 | $3,645 | $4,432 |
* 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.