LOCATION, LOCATION, LOCATION! PRIME COMMERCIAL OPPORTUNITY STEPS FROM ROUTE 9! This exceptional 13-acre property in Cold Spring offers unrivaled potential for commercial or industrial development in a highly desirable location. Zoned for commercial warehousing with the potential to secure industrial permits like neighboring properties, this site is less than two hours from NYC, making it ideal for a warehouse, distribution center, or sustainable business venture. The property features two modern septic systems, a newly constructed road, a private well, and a high-capacity 22 kW solar system, providing a robust foundation for any project. Adding to its appeal is a residential post-frame home designed in a mother-daughter style, perfect for on-site management or additional accommodations. Unique outbuildings, including a repurposed historic 1771 church, add both functionality and character, while other infrastructure includes underground utilities, enhanced drainage systems, and ample space for parking or storage. With major infrastructure already in place, this property is a rare, turn-key opportunity to develop a future-ready facility in one of the region's most strategic locations. Don't miss your chance to secure this prime investment! CurrentUses: Farm,
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,920,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,536,000 | $1,536,000 | $1,536,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,721 | $9,583 | $12,858 |
Total Monthly Payment | $8,846 | $9,708 | $12,983 |
* 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.