Investment Opportunity: Prime Italian Restaurant and Retail Plaza Unlock the potential of a thriving community hub with this exceptional investment opportunity! Situated in a bustling location, this property features a vibrant Italian Restaurant and pizzeria, complete with a lively sports bar atmosphere-perfect for attracting both casual diners and sports enthusiasts. Established Italian Restaurant and Pizzeria: A beloved local favorite known for its authentic cuisine, exceptional service, and inviting ambiance. This established brand already has a loyal customer base, ensuring Consistent revenue streams. Dynamic Sports Bar: The sports bar complements the restaurant, offering an engaging environment for game days and events. Equipped with large screens and a full bar, it enhances the dining experience and draws in crowds year-round. Additional Retail Spaces: The plaza includes four additional retail spaces, providing diverse leasing opportunities. These units can accommodate a variety of businesses, from boutiques to service providers, increasing foot traffic and enhancing the overall appeal of the plaza. Prime Location: Nestled in a high-traffic area, the property benefits from excellent visibility and accessibility. The surrounding community is vibrant and diverse, ensuring a steady stream of potential customers. Growth Potential: With an expanding population and ongoing developments in the area, the potential for growth is immense. The combination of the restaurant, sports bar, and retail spaces creates a unique destination that can capture a wide audience. This property presents an exciting opportunity for investors looking to tap into the thriving food and retail market. With a well-established restaurant, a dynamic bar scene, and versatile retail spaces, this plaza is poised for continued success and profitability. Don't miss out on the chance to be part of this vibrant community hub!
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.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$2,500,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,000,000 | $2,000,000 | $2,000,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $822 | $822 | $822 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,356 | $12,477 | $16,742 |
Total Monthly Payment | $12,303 | $13,424 | $17,689 |
* 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.