504 Fifth Avenue, Pelham, NY, 10803 | $1,098,000

Introducing an Incredible Commercial Space in Vibrant Pelham with the possibility of larger development (As of right to build a 2nd floor. Potential for residential development with Pelham BDFZ law).
Located in the heart of one of Pelham's most sought-after suburban towns, this commercial space offers an outstanding opportunity for entrepreneurs and businesses seeking a prime location that boasts a well-established tenant, this space guarantees a steady flow of foot traffic and a built-in customer base.
Key Features:
Prime Location: Situated in a bustling suburban town, your business will benefit from the vibrant atmosphere and proximity to a diverse and engaged community.
Established Tenant
Ample Space: With generous square footage, this commercial space provides the flexibility to accommodate a variety of business types, whether it be a trendy boutique, a thriving restaurant, or a thriving office space.
High Foot Traffic: Take advantage of the steady stream of customers already attracted to the area by neighboring businesses, events, and local attractions.
Versatile Layout: The open layout allows for easy customization and adaptation to suit your specific business needs, ensuring maximum efficiency and productivity.
Surrounding Amenities: Benefit from the proximity to a diverse range of amenities, including popular restaurants, including Pelham’s very own Sergios, cafes, boutique shops, fitness centers, and more, creating a thriving local ecosystem.
Supportive Community: Pelham's vibrant community is known for its strong support of local businesses, providing a welcoming environment for entrepreneurs and fostering growth opportunities.
Don't miss out on this rare opportunity to secure a commercial space in the vibrant town of Pelham, complete with an established tenant and endless potential. Contact us now to arrange a viewing and start envisioning your business thriving in this prime location!

Features

  • Property Type: Business
  • Utilities: Electricity Available
  • Heating: Natural Gas, See Remarks
  • Cooling: Central Air, Wall/Window Unit(s)
  • Units: 1
  • Year Built: 1980
  • Acreage: 0.05
  • Est. Taxes: $14,162
  • School District: Pelham
  • Appliances: Tankless Water Heater
  • MLS#: H6258614
  • Days on Market: 527 days
  • Website: https://www.raveis.com
    /prop/H6258614/504fifthavenue_pelham_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Capital Realty NY LLC   Phone: 917-842-5552

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

504 Fifth Avenue, Pelham, NY, 10803

$1,098,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.DeFlorio@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 $878,400 $878,400 $878,400
Term 360 months 360 months 180 months
Initial Interest Rate** 5.750% 6.500% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.844% 6.597% 6.158%
Monthly Tax Payment $1,180 $1,180 $1,180
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $5,126 $5,552 $7,412
Total Monthly Payment $6,431 $6,857 $8,717

* 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.