For Lease Immediately, this nicely maintained 7500+ sq. ft commercial building is situated in a central location on the highly desirable and heavily traveled US Route 5 in Derby. The landlord will also consider leasing as two units (one on each level) to offer two individual units within one building if desired. Previously used as a furniture retail store, the majority of the building has an open floor plan. The first floor offers over 4500sq. ft, the walk out lower level offers approx. 3000sq. ft and 600+ sq. ft of unfinished storage area. Wood frame construction, concrete foundation, vinyl siding, metal roof, large paved yard with ample parking, public water & sewer, 200 Amp electrical and 2 mini-split AC units on the main level. “COM” Zoning offers multiple uses; retail store, restaurant, warehouse, office, day care and more. Available at $6, 500/ month for the full building, $4, 500 a month for the main level and/or $2, 500/ month for the lower level. Landlord will pay the taxes, building insurance, lawn, plowing, water and sewer. Tenants are responsible for their own electric, heat, trash, internet, etc. Landlord is looking for a well qualified tenant with strong references and a long term lease.
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NMLS Mortgage Loan Originator ID 793093
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $3,600 | $3,600 | $3,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.582% | 7.159% | 6.518% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $25 | $24 | $31 |
Total Monthly Payment | $100 | $99 | $106 |
* 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.