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4441 Michigan Mills Road, Other, NY, 13325 | $459,000
4441 Michigan Mills Road Constableville, NY 13325 Exceptional Tug Hill Property: Restaurant, Bar or Clubhouse with a Shop, & 3 Bedroom Home Discover a unique opportunity in the heart of Tug Hill, New York's premier destination for snowmobiling and ATVs. This expansive property offers limitless potential for business or recreation, set on a prime location with the snowmobile trail running through your driveway! Property Overview: 1. 38x100' Shop (3, 800 sq. ft. ): Current Use: Snowmobile/ATV showroom with parts counter. Features: Well-equipped mechanics area, high workbench, excellent lighting, air compressors, tools, and 4 overhead garage doors. Ideal For: Business operations, vehicle storage, or maintenance. 2. 50x26' Mobile Home (1, 300 sq. ft. ): Condition: Recently renovated with new flooring, metal roof, and fresh paint. Layout: Open kitchen, dining, and living room, 3 bedrooms, 2 full bathrooms, and washer/dryer hookups. Use: Comfortable on-site residence or rental opportunity. 3. 40x62' Restaurant Building (2, 480 sq. ft. ): Current Status: Undergoing renovations. Features: Separate men's and women's restrooms, large bar, spacious dining area, the commercial kitchen is equipped with a walk-in cooler featuring a new cooling condenser. New metal roof, and metal siding to be installed in the coming weeks. HVAC and electrical rough ins will be completed for the sale. Heated by forced air and prepped for AC. Potential Uses: Continue as a restaurant or transform into a private clubhouse. Opportunities: Business Potential: Operate a snowmobile/ATV shop and restaurant in the heart of Tug Hill's winter sports hub. Attract riders with service, parts, and a great place to eat. Rent out the mobile home for additional income. Ultimate Clubhouse: Perfect for a group of outdoor enthusiasts. Convert the restaurant into a private bar and kitchen. Use the shop for storage and maintenance and storage of your machines. Enjoy the renovated home as a cozy retreat in a region known for the highest snowfall in New York State. Location: Situated in the Tug Hill region, renowned for its extensive snowmobile and ATV trails and some of the highest snowfall totals in the state, this property is ideal for winter sports lovers.
Features
- Property Type: Retail
- Heating: Propane, Forced Air
- Cooling: None
- Units: 3
- Zoning: 02
- Est. Taxes: $5,244
- Appliances: Oven, Refrigerator
- MLS#: H6327307
- Days on Market: 55 days
- Website: https://www.raveis.com
/prop/H6327307/4441michiganmillsroad_other_ny?source=qrflyer
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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1880936
347.223.0992
Sarah.Alvarez@Raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
4441 Michigan Mills Road, Other, NY, 13325
$459,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Sarah Alvarez
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $367,200 | $367,200 | $367,200 |
| 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 | 7.563% | 7.159% | 6.276% |
| Monthly Tax Payment | $437 | $437 | $437 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,443 | $2,441 | $3,097 |
| Total Monthly Payment | $2,955 | $2,953 | $3,609 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535