Corner Lot with high traffic count on high visibility route 133 in Essex. Desirable opportunity on a flat lot improved with a 2,850 sq. ft. block building and paved lot. Grandfathered illuminated signage on property. Historically used for automotive repair and is offered with three service bays with two 10 X 10 overhead doors at the front of the building and one 12 X 14 to the side rear and two vehicle lifts. Property is heated by FHA by gas and a supplemental onsite waste oil burner that has been well kept and clean. Shop and office space illuminated with updated LED lighting. The premises can be repurposed for other commercial uses such as a base property for a contractor, light manufacturing, office or retail establishment. The property is served by municipal water and municipal sewer with a car count of 16,400 taken by MA DOT when causeway bridge recently replaced.
Utilities
Public Water, Public Sewer, Natural Gas Available, 220 Volts
Buyer Agent Compensation:
2.0
Facilitator Compensation:
2.0
8 Main St., Essex, MA, 01929
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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