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4100 State Highway, Eastham, MA, 02642 | $2,300,000
Presenting an outstanding investment opportunity, this high-visibility building on Route 6 in Eastham has potential for a multitude of uses. With a massive parking lot, accommodating up to 64 vehicles, and having two curb cuts on Cape Cod's busiest road. This property ensures convenience for a multitude of uses. The property consists of two to five units. The left side houses a fully functioning 149-seat restaurant, complete with a 2, 000 S. F. commercial kitchen and considerable basement storage. This presents a turn-key opportunity for those eager to maintain the space as a restaurant / sports bar or transform itaccording to their vision. On the right side of he building, a unique and captivating art gallery graces the property. This space featureshigh vaulted ceilings, a brick fireplace, and incredible pumpkin pine wood flooring. An added charm is theoutdoor seating area by a private, picturesque pond that borders the property. . . Perfect for warm-weatherdining and events! The property is zoned as Transition Commercial (TC), permitting a wide array of uses including restaurants, retail spaces (such as grocery stores and pharmacies), office spaces, etc. TC zoning allows fut TC zoning allows future developers to convert up to 40% of the building's total gross floor area (aproximatley 3, 402 S. F. ) into residential use.
Features
- Property Type: Commercial
- Current Use: Other, Restaurant, Most Recently A Gallery
- Permitted Use: Other, Restaurant, Most Recently A Gallery
- Construction: Clapboard, Shingle Siding, Sheet Rock
- Garage: Parking Lot, Paved Lot
- Levels: 1
- Cooling: Central Air
- Approx Lot Sq. Feet: 148,104
- Units: 2
- Zoning: RETAIL/SERVICE
- Year Built: 1968
- Approx Sq. Feet: 8,505
- Acreage: 3.4
- Est. Taxes: $7,356
- Lot Desc: Gentle Sloping
- View: Pond, Other - See Remarks
- Water Front: Yes
- School District: Nauset
- Appliances: Tankless Water Heater
- MLS#: 22501807
- Website: https://www.raveis.com
/prop/22501807/4100statehighway_eastham_ma?source=qrflyer
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Frank MerolaVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1020051
508.740.5922
Frank.Merola@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
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Allen GellermanInsurance Sales Director, William Raveis Insurance
617.686.2668
Allen.Gellerman@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
4100 State Highway, Eastham, MA, 02642
$2,300,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Frank Merola
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 508.740.5922
Frank.Merola@raveis.com
NMLS Mortgage Loan Originator ID 1020051
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,840,000 | $1,840,000 | $1,840,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.625% | 6.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.614% | 6.739% | 6.309% |
| Monthly Tax Payment | $613 | $613 | $613 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $10,447 | $11,782 | $15,652 |
| Total Monthly Payment | $11,185 | $12,520 | $16,390 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
MA Mortgage Lender and Mortgage Broker #MC2630