OPPORTUNITIES ARE ENDLESS!!! Situated on 2. 3 Acres is this two story commercial building boasting with expansion opportunities. This is located in the historical district of the Hamlet of Sugar Loaf / Town of Chester and situated on 500 feet of lake frontage! Not only is this property located on the direct path of ever popular Sugar Loaf Artisan Hamlet Walking Path but it is surrounded by a variety of well established businesses including the Sugar Loaf Performing Arts Center, a variety of local boutiques/shops, near several local breweries & wineries, near the Goosepond Mountain & Warwick State Park, the Castle Fun Center, LEGOLand, Mount Peter Ski Area, and just a short 15 minutes drive to major interstate highways including Interstate 84, Route 6 and Route 17. The location is key when considering to purchase this property. This property has had prior preliminary approvals for a 7, 800 sqft structure which can be easily utilized for a farm-to-table restaurant, tasting room, brewery and/or wedding venue. Given this property is located in the LB-SL Zoning district, your opportunities are simply expansive. Don't delay, call now for your showing!!!
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William Raveis Real Estate
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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 | $639,999 | $639,999 | $639,999 |
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 | $1,261 | $1,261 | $1,261 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,312 | $4,254 | $5,397 |
Total Monthly Payment | $5,665 | $5,607 | $6,750 |
* 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.