Unique Waterfront Commercial/Retail/Office Investment Property for sale in Derby, CT. Potential for Owner/User occupancy. Excellent location for Lawyer, Accountant, Financial Services, or Consulting firm. Consists of two well-maintained/upgraded buildings equaling a total of 12, 000 +/- SF and 45 parking spaces on . 76 Acre lot. • Long term tenants include a deli, chiropractor, insurance agency, hair salon, rowing/exercise club, eyelash salon. • Most offices have magnificent four-season views of the Housatonic River and the hills beyond. Outdoor patio allows tenants to combine work with tranquil, waterfront dining/relaxation. • On State Route 34 with good traffic count just north of downtown Derby and Yale Boat house. Close proximity to CT Route 8, Home Depot and Derby Metro North Rail Station (1. 5 Miles) • Potential to reestablish a marina operation with boat docks and fueling station on Lake Housatonic. For Sale: $1, 200, 000 Pro-forma Cap Rate: 8. 92 Possible Lease with Purchase Option
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William Raveis Real Estate
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William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $960,000 | $960,000 | $960,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.375% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.229% | 6.486% | 6.307% |
Monthly Tax Payment | $1,765 | $1,765 | $1,765 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,526 | $5,989 | $8,166 |
Total Monthly Payment | $7,416 | $7,879 | $10,056 |
* 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.