680 John Stark Highway, Newport, NH, 03773 | $995,000

Well cared for property. Huge 80'X175' Warehouse and shop with parts sections, tool section and workshop. Loading area dock. Cement floor, office area baths. Metal building built in 1976. Newer 2016 well constructed office building 40'X60' with 10 ft ceiling and a lower level walkout. Both levels are finished off very nicely. The 25 plus acres has lots of level area with plenty of room for expansion or parking, 1155 feet of frontage along John Stark Highway. Possibilities are many, develop other portions of the property. See maps, photos, present tenant pays $8, 102 per month and pays all utilities. Owner pays the real estate taxes. Cost of replacing metal building $1, 300, 000. Cost to build in 2016 the office was $500, 000. Lot's of value here! Newer septic system in 2016 for 42 employees. Over 1500 gallon septic tank. Newer well pump.

Features

  • Property Type: Business,Development,Industrial,Office,Opportunity,Other
  • Construction: Clapboard Exterior,Metal Siding,Vinyl Siding
  • Parking: Driveway,On-Site,Parking Spaces 21+,RV Access/Parking,Unpaved,Visitor
  • Heating: Blowers,Forced Air,Hot Air,In Ceiling,Wall Units
  • Cooling: Central AC
  • Units: 2
  • Zoning: Commercial/Industrial K40
  • Frontage: 1155
  • Year Built: 1976
  • Acreage: 25.23
  • Est. Taxes: $15,295
  • MLS#: 4951478
  • Website: https://www.raveis.com
    /prop/4951478/680johnstarkhighway_newport_nh?source=qrflyer
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Listing courtesy of Elliot Hansen Associates   Phone: 603-763-9999
Listing Agent: Elliot Hansen

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680 John Stark Highway, Newport, NH, 03773

$995,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $796,000 $796,000 $796,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.875% 6.500% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.335% 6.612% 6.433%
Monthly Tax Payment $1,275 $1,275 $1,275
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,709 $5,031 $6,825
Total Monthly Payment $6,076 $6,398 $8,192

* 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.