1111-1112 Main St, Other (Out Of Area Town), NY | $2,500,000

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!

Features

  • Town: Other
  • Property Type: Mixed Use
  • Current Use: Food Service, Retail
  • Heating: Electric, Natural Gas, Ducts, Forced Air
  • Units: 7
  • Zoning: Commercial
  • Year Built: 1957
  • Est. Taxes: $9,860
  • MLS#: 3580222
  • Days on Market: 65 days
  • Website: https://www.raveis.com
    /prop/3580222/11111112mainst_other_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 BERKSHIRE HATHAWAY   Phone: 516-200-5700

William Raveis Family of Services

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Customer Service

888.699.8876

Contact@raveis.com

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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
  • 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

1111-1112 Main St, Other (Out Of Area Town), NY

$2,500,000

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 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.