Medical, Office, or Retail for Sale! This property has high visibility on a developing section of Federal Road just North of Costco. The free-standing two-story building on Federal has very large parking lot which makes it ideal for a variety of uses. There is 1, 074 s. f. with a kitchen and bathroom on the first floor and 588 s. f. space and bathroom on the second floor and will be delivered empty. Additionally there are two long standing tenants in the back building occupying 2, 306 SF. The 125' of frontage on Federal Road and a traffic count of 14, 431 cars per day will deliver benefits to any new business. The property is ideal for small personal service businesses that need quick and easy access to the interstate such as doctors, mental & physical wellness, accountants, other professional/personal services, and even specialty retail uses. The property is serviced with paved lot with plenty of parking. The front building is fully air conditioned and has oil heat. The building is available for sale at $579, 000
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William Raveis Real Estate
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $463,200 | $463,200 | $463,200 |
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 | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | $787 | $787 | $787 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,082 | $3,079 | $3,906 |
Total Monthly Payment | $3,960 | $3,957 | $4,784 |
* 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.