Do you know what Nantucket needs! Execute your vision on this oversized commercial parcel with existing building currently used for take out food. This oversized lot located off of Toombs Court has the ability to be subdivided into 2 lots. *See 1 Toombs (Lot 1 & 2)* noted on the plot plan. With 40% ground cover allowable in one of the most permissive zoning districts this property can support a variety of options for the visionary buyer. Potential uses include residential/commerical, apartment complexes, commercial kitchen, agriculture, and more. Property being sold as-is with lease in place for commercial building. Lease details upon request.
1 Toombs Court, Nantucket, (Mid Island), MA, 02554
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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