HIGH VISIBILITY PRIME COMMERCIAL LOCATION, located on highly traveled US Route 2 in Lancaster, NH. This 13, 810 square foot building is sited on 8. 16 surveyed acres of land offering 300 ft of road frontage and ample parking. The site is currently known as Stratham Tire. This large steel framed building offers several sections. The spacious 20’ x 50’ heated office space includes a private office, storage area, service desk area, customer waiting room, and private ½ bath. The adjacent 3-bay, heated service area is 50’ x 60’, offers high ceilings and includes 3 hydraulic lifts. This area offers direct entry to a 4, 000 square foot heated storage area. Just to the right is a 30’ x 52’ addition used as cold storage with an 8’ x 12’ drive-in door. This space can be accessed from the shop area and the heated storage area. To the left of the office space is a 50’ x 75’ addition. The first space has a concrete raised slab floor for 2 loading docks at the rear of the building. Next there is a drive-in, drive-out area for tractor trailer trucks. This building is suitable for continued use as a mechanical/service center and warehouse or a terrific location for industrial use or as a distribution, facility. With a local shortage of storage units, a new owner could offer climate controlled secure storage and cold, dry storage. There are endless possibilities This is a rare opportunity to own a commercial property in a prime location!
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $700,000 | $700,000 | $700,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.375% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.486% | 6.307% |
Monthly Tax Payment | $1,077 | $1,077 | $1,077 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,085 | $4,367 | $5,954 |
Total Monthly Payment | $5,254 | $5,536 | $7,123 |
* 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.