This is an awesome opportunity for you to run your business in a build to suit lease option. The other option, you can purchase the land to build your own building. Owner is looking to either build on this location and lease space or sell the land to a commercial/industrial developer. Great location as it is rural and there are not many options in the immediate area, leaving potential pretty much unlimited. This spot is close to colchester, but not far off route 82 or 85, also pretty close access to route 2.
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Listing courtesy of Dale Bunn, Riverview Realty, LLC Email: dale@riverviewrealtyct.com
343R Old Colchester Road, #R, Salem, CT, 06420
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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