It is one of a kind, freestanding with 3 businesses in the same store: a Convenience store with a Beer&Wine and a pizza business with an open kitchen. The building is 2784 sqft + the basement on almost half of an acre. The store has new equipment, appliances, floor, lighting, electric wires, heat & AC, water tank, a handicapped entrance, and shelves. One of the biggest construction companies in the USA bought 110 Acres in front of the store and they will begin their project construction this summer, they already sold 2 buildings for a dispenser and Pollar company. They will build a new central distribution area to sell it to different companies. The store was closed for 3 years for renovation and personal health issues, but the historical sale was more than $1. 5M/Y. The seller reopened the store only 8 months ago, with $725k for the RE and $0k for the renovation, Beer & Wine, tobacco license, and business. The current income is only $7500 in 6 days—huge potential to increase the sales.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $500,000 | $500,000 | $500,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.841% | 7.159% | 6.518% |
Monthly Tax Payment | $331 | $331 | $331 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,327 | $3,323 | $4,287 |
Total Monthly Payment | $3,750 | $3,746 | $4,710 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.