Situated at the bustling corner of East Main Street and Dunning Road, this incredible restaurant space offers unparalleled visibility and proximity to key destinations. Just minutes from the highway interchange, Garnet Medical Center, the Middletown Galleria Mall, and surrounded by large retail stores and thriving residential communities, this location is a dream for any business. The beautifully appointed bar comes fully equipped with a tap, two sinks, coolers, refrigerators, and ambient lighting to create a welcoming atmosphere. The restaurant comfortably seats up to 85 patrons inside and with outdoor seating and offers additional space on the back patio, as well as in the stylish, paved parking area. Fully furnished with tables, chairs, and a well-stocked serving station, the restaurant is turn-key and ready to operate. The commercial kitchen is complete with four refrigerators, fryers, ovens, racks, and all necessary equipment, including a detached cold storage building for extra convenience. The spacious basement provides ample storage, including an ice machine. The property features over 40 paved parking spaces, beautifully landscaped grounds, and a newer natural gas furnace for efficient cooking. This is a rare opportunity in a high-demand location, offered as-is and fully equipped for immediate business. Don’t miss your chance to own a thriving restaurant in a prime location!
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Our Executive Mortgage Banker:
Our Insurance Division:
$800,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $640,000 | $640,000 | $640,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $1,134 | $1,134 | $1,134 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,312 | $4,254 | $5,397 |
Total Monthly Payment | $5,538 | $5,480 | $6,623 |
* 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.