Seize the opportunity to own a premium piece of commercial real estate located on the bustling Route 66 in Portland. This exceptional parcel offers about 136 feet of road frontage on one of Connecticut's most traveled state roads, ensuring maximum visibility and exposure for any business. Benefit from the high volume of drive-by traffic that Route 66 sees daily, providing your business with the advantage of easy accessibility and excellent exposure. Invest with confidence as this property comes with both Phase 1 and Phase 2 environmental assessments already completed. Positioned in a strategic location, this commercial land promises not only growth and high traffic but also the convenience of being in a well-connected area, with quick access to surrounding communities and major highways. Don't miss out on this incredible opportunity to develop on one of Portland's most prominent thoroughfares. Ideal for both investors and companies looking to expand their footprint in Central Connecticut.
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Listing courtesy of Carl Guild, Carl Guild & Associates Email: carlguild@gmail.com
271 Marlborough Street, Portland, CT, 06480
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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