This industrial 75.8-acre property consists of four parcels bound by New Britain Road and Route 9 in northern Berlin. The land is appraised by the town at approximately $900,000, and offered at only $595,000 for a quick sale. Two of four lots are small access drives off New Britain Road leading to railroad crossings into the property. The northern access is adjacent to McDonald's, while the southern access leads to the main entrance into the property. Much of the property has been mined for gravel, although there is an estimated 20+ acres of remaining land suitable for development.
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Listing courtesy of Gregory Walwer, Academic Co-Realty Services Email: acsinfo@yahoo.com
303 New Britain Road, Berlin, (Kensington), CT, 06037
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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