Unlock the potential of this vast 46-acre tract of vacant, commercially zoned land located in the flourishing community of Torrington, CT. This expansive parcel offers a blank canvas for developers and investors seeking to capitalize on a rare opportunity in a coveted location. Secluded, yet with easy access to local amenities, the property is the ideal setting for a wide array of commercial or residential uses - from a large-scale retail complex, and office park, to a luxury residential development. Its topography is inviting to creative and visionary projects that can truly benefit from the size and potential this property provides. The parcel's dimensions offer significant frontage, maximizing visibility for any development. Given the property's commercial zoning, the possibilities are diverse and numerous, always subject to city zoning regulations and approval processes. Our team is prepared to help you explore these potentials. In conjunction with the sale of the neighboring 50. 6-acre golf course (MLS#170586754), there's a unique opportunity for expansion and unification, magnifying the scale and impact of any project. The land is sold as-is. For more information or to schedule a tour, reach out today. Experience the boundless potential and freedom that comes with developing from the ground up at this exceptional parcel in Torrington, CT. Your vision, our landscape. Don't miss out on this remarkable investment opportunity.
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William Raveis Real Estate
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Contact@raveis.com
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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 | $1,280,000 | $1,280,000 | $1,280,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.875% | 6.625% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.335% | 6.738% | 6.559% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,572 | $8,196 | $11,062 |
Total Monthly Payment | $7,697 | $8,321 | $11,187 |
* 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.