Rare retail opportunity downtown Westerly on very busy Main Street across from the river. 7 unit retail strip, currently owner-occupied, an appliance retailer since 1933, includes a two level warehouse with good residential conversion potential all on 1/2 acre. Sale includes the established operating business.
Complex:
Downtown/Main Street
Permitted Use
Medical/Dental,Mixed Use,Retail
Construction
Brick,Masonry
Utilities
Electricity Available,Natural Gas Available,Municipal Utilities,Phone Available,Water Connected
Amenities:
Marina, Near Hospital, Near Schools, Public Transportation, Restaurant, Shopping, High Traffic Location, Street Lights
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Listing courtesy of Peter M. Scotti & Assoc.,Inc. Phone: 401-421-8888
172 Main Street, Westerly, RI, 02891
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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