A Wonderful Family Owned and Operated Restaurant in East Durham - Nellie's - with 2 Apartments in the Heart of Durham! The building is approximately 3, 684 sq ft. on 1. 1 acres with 2 parking areas. The restaurant features a brick pizza oven, a full commercial kitchen, walk-in coolers, 1 full circular bar, 2 dining areas, indoor seating for up to 169 persons, and an outdoor covered deck with additional seating. There are 2 furnished apartments. The 1st apartment has 1 bedroom, 1 bath, a kitchen, and a living room. The 2nd apartment is a studio apartment with 1 bath. The restaurant and apartments have been well-maintained and improved. It's a great opportunity to repurpose the commercial space for housing units. The property's prime location is at the corner of Route 145 and Route 67A. It has great proximity to the area's attractions and amenities as it's 20 minutes to Windham Ski Mountain, 5 minutes to Zoom Flume Water Park, 30minutes to Hunter Ski Mountain, 20 minutes to the Hudson River, 20 minutes to Dutchman's Landing Park/the Historic Catskill Point, 20 minutes to Green Lake, 30 minutes to Colgate Lake, & 45 minutes to Howe Caverns. It's an Exceptional Business Opportunity in a Great Location! View our 3D virtual tour, our drone aerial photography, and our 3D virtual sky tour.
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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 | $316,000 | $316,000 | $316,000 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,129 | $2,100 | $2,665 |
Total Monthly Payment | $2,204 | $2,175 | $2,740 |
* 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.