This unique property includes both a spacious 3,340 sq. ft. commercial building and a separate single-family home, offering the perfect chance to live and work in one location. The commercial space, which most recently operated as a thrift shop, features an open floor plan with flexibility for multiple uses. With potential to create at least three separate units, including a possible live-in apartment, this property allows you to shape it to your vision. The building currently includes a half bath and two additional baths, some with existing fixtures, including showers. Please note, a heating system is not currently installed in the commercial building.Situated on the same lot is a single-family residence featuring four bedrooms (though the town records list it as three) and two bathrooms. Built in 1850, and the home encompasses 1,508 square feet. It is located in a high-traffic area near the intersection of Route 20 and Route 22, directly across from the busy Meissner's Antique Auction House. This Commercial Property and Single Family home is being sold as is.
435 State Route 20, New Lebanon, NY, 12125
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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