Positioned on the heart of Farmington Avenue, this commercial property epitomizes prime location, boasting unparalleled visibility and high traffic flow. Offering a versatile layout, the space presents a myriad of possibilities to accommodate various business ventures. With the flexibility to adapt to diverse needs, the interior features two garage bays equipped with a hydraulic car lift, catering to automotive services and storage requirements. Two overhead doors make for an ideal garage configuration. Convenience is further enhanced by a well-appointed bathroom, ensuring comfort and functionality for patrons and employees alike. Further, the property is equipped with two-zone heating and cooling systems, catering to the distinct needs of the garage bays and the office/shop area. This thoughtful design ensures comfort and efficiency throughout the premise which underscores the attention to detail evident in this exceptional offering. The lot itself boasts dry, clear, and level terrain, offering optimal conditions for operations and logistics. The corner lot presents an opportunity seldom found along Farmington Avenue, making it a highly sought-after investment. Sheltered beneath an elevated canopy, ample covered parking for at least 8 vehicles ensures protection regardless of weather conditions and most vehicle heights. Additional parking surrounds the building which is strategically positioned at the center of the property.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.305.7387
Mark.Greene@raveis.com
NMLS Mortgage Loan Originator ID 115078
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $6,800 | $6,800 | $6,800 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $46 | $45 | $57 |
Total Monthly Payment | $121 | $120 | $132 |
* 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.