Prime opportunity for development in one of Kent County's busiest retail areas. Located on the primary artery that stretches from Washington County to Providence County, this lot has an average of over 76, 000 vehicles passing by daily. Featuring access from nearby on/off ramps to both Interstate 295 (175, 000 vehicles per day) and Interstate 95 (145, 000 vehicles per day), Bald Hill Road is the primary retail corridor through Kent County. Close by Midland Commons (FKA Rhode Island Mall and/or Midland Mall), and multiple other well-known tenants including Target, Walmart Supercenter, Home Depot, Hobby Lobby, Kohl's, T. J. Maxx, Staples, Best Buy, Trader Joe's, and others offer consistent crossover traffic and exposure from established, long-standing surrounding businesses. Additionally, this location is close to many apartment and condo complexes totaling 700+ units providing a residential consumer base as well as consistent traffic. Call today for details!
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Our Executive Mortgage Banker:
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $144,000 | $144,000 | $144,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.512% | 6.273% | 5.248% |
Monthly Tax Payment | $29 | $29 | $29 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $898 | $875 | $1,138 |
Total Monthly Payment | $1,002 | $979 | $1,242 |
* 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.