Prime Commercial Space! Welcome to a unique leasing opportunity at 183 A Providence New London Turnpike, nestled on 8 acres of picturesque North Stonington landscape. Boasting 29, 919 sq ft of versatile space, this property offers a canvas for your business vision. Originally renovated in 2008 as a fully functional hospital this property has been meticulously maintained over the last decade. Previously operated as a hospital between 2010 and 2012, the property was ADA compliant in 2012. While potentially requiring updates for 2024 standards, its easily dividable layout accommodates diverse business needs-be it offices, medical facilities, retail, or any creative endeavor. Just 5 minutes off Highway 95 and a mere 7. 5 miles from the renowned Foxwoods Resort and Casino, this space combines accessibility with a prime location. Imagine your business thriving in this well-connected and strategically located space, surrounded by scenic beauty and just moments away from entertainment and commerce hubs. With 2 elevators and an additional freight elevator, private well, electric-only utilities, ample parking, and beautiful surroundings, this space is a rare gem that has not been on the market for over 15 years. Seize the opportunity to bring your business to a location that harmonizes functionality with tranquility.
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For homebuyers and sellers, our Attorney Network:
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $10 | $10 | $10 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $0 | $0 | $0 |
Total Monthly Payment | $75 | $75 | $75 |
* 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.