1290 Boston Avenue, Bridgeport (Mill Hill), CT, 06610 | $1,299,900

This commercial property has enjoyed 30+ years of serving the community as a family owned business. The property is situated on Route 1, Boston Ave & Seaview Ave where the City is spending millions currently on redevelopment. New high school, athletic field, professional building and more are on the horizon resulting in significantly high traffic count already each day. The property is perfectly zoned for auto repair or continue the Yankee Muffler tradition, either way, the visibility and future added traffic count once the redevelopment is completed will make this the most desired location. Billboard on premises allows for advertising your new business or rent them out for additional income. 4 bays office offer terrific muffler, auto repair, window tinting, body shop, etc. This location includes the green structure ( garage ) formerly with 2180 Seaview Ave three family home.

Features

  • Town: Bridgeport
  • Current Use: Yankee Discount Muffler
  • Permitted Use: Auto repair, retail store
  • Utilities: Electric,Gas
  • Heating: Hot Air
  • Cooling: Ceiling Fans,Wall Unit
  • Units: 1
  • Zoning: ORS
  • Frontage: State Road,Paved Road
  • Year Built: 1992
  • Approx Sq. Feet: 1,860
  • Acreage: 0.19
  • Est. Taxes: $16,969
  • Lot Desc: Corner Lot,Dry,Level Lot
  • MLS#: 24005660
  • Days on Market: 68 days
  • Website: https://www.raveis.com
    /prop/24005660/1290bostonavenue_bridgeport_ct?source=qrflyer
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Listing courtesy of Century 21 AllPoints Realty

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NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

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1290 Boston Avenue, Bridgeport (Mill Hill), CT, 06610

$1,299,900

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,039,920 $1,039,920 $1,039,920
Term 360 months 360 months 180 months
Initial Interest Rate** 5.625% 6.500% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.955% 6.612% 6.182%
Monthly Tax Payment $1,414 $1,414 $1,414
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $5,986 $6,573 $8,775
Total Monthly Payment $7,525 $8,112 $10,314

* 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.