Commercial Opportunity. Once a thriving Cottage Colony, this 5. 8 acre commercial property in Harris/Thompson, NY, in the Heart of Sullivan County is truly a unique business opportunity. The parcel comes with three (3) rundown cottages complete with well, septic and wired for electric. These cottages will require a total rehab or knockdown & rebuild and would make an excellent compound. This property is also zoned commercial/industrial & would be ideal for a warehouse, trucking, manufacturing, factory, service business, retail, home-based biz, agriculture, hotel, air b&b , and multiple cabins. The property is mostly level, cleared in front and wooded toward the rear with easy driveway access. The property offer’s 300 ft of frontage on well maintained Old Route 17 with business exposure to an estimated 70, 000 cars daily on busy Route 17. Conveniently located under 2 hrs/NYC. The property is directly located off Route 17 & only mins to local shopping & restaurants, Monticello Racetrack, Garnet Health Medical Center, Resorts World Catskill Casino, Kartrite Indoor Water Park, Walnut Mountain Park, Bethel Woods, Sullivan County Airport, Neversink Reservoir and Holiday Mountain Ski & Fun This could also be residential housing, apply for permit etc.
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$228,000
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 | $182,400 | $182,400 | $182,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.330% | 7.171% | 6.538% |
Monthly Tax Payment | $358 | $358 | $358 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,214 | $1,212 | $1,564 |
Total Monthly Payment | $1,647 | $1,645 | $1,997 |
* 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.