This historic 1, 420 sq ft asset, a sleek 1946 Mountain View Dining Car, is steeped in local history, once housing the iconic O'Rourke's Diner, featured on Diners, Drive-Ins, and Dives. Since 1941, this beloved establishment made its mark when the original owner introduced his famous steamed cheeseburger, capturing the hearts of locals and visitors alike. With its prime location and storied past, this property offers both character and potential for future ventures. Whether you're looking to reinstate a culinary institution or create something entirely new, the space invites innovation and nostalgia in equal measure. Middletown, a vibrant city with over 47, 000 residents and home to the esteemed Wesleyan University, is a well-known culinary destination with a diverse array of restaurants, cafes, and local eateries that attract food enthusiasts from all around. Main Street is bustling with top-notch dining spots and unique shopping experiences, offering everything from farm-to-table fare to global cuisines. This historic property is perfectly positioned to tap into Middletown's vibrant food scene and thriving retail presence, making it an ideal investment in one of Connecticut's most beloved foodie hotspots. Don't miss the chance to invest in a piece of renowned culture in a high-traffic area, ready for its next chapter! Join eateries like Esca, La Boca, Luce, Eli Cannons, Fiores, SoNo Cupcakes, Forbidden, and Sweet Harmony Cafe. There is also an additional 1, 420 sq ft in the basement.
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$429,000
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 | $343,200 | $343,200 | $343,200 |
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 | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | $565 | $565 | $565 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,283 | $2,281 | $2,894 |
Total Monthly Payment | $2,923 | $2,921 | $3,534 |
* 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.