Thriving Downtown Somerville Business Opportunity! Ready to take charge of a thriving convenience/grocery store in Somerville? Stablished in 2021 store has served a diverse community. Situated on a vibrant Union Square near Police Station with ample pedestrian traffic & surrounded by offices, churches, schools, & residential areas. Conveniently located near public transportation & major highways . 1000SqFt of store space meticulously designed for optimal product display & storage, this store offers everything from fresh foods to drinks, snacks, and more. A spacious 2000SqFt basement storage area with office. Financially, the business is thriving, with a monthly gross grocery income +/- $35,000, Lotto sale +/- $60,000, Extra income +/- 1,000 . A Lottery license is also available for transfer to the new owner, offering an additional revenue stream. This is a chance to elevate an already successful enterprise to greater
210 Washington Street, Somerville, MA, 02143
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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