Commercial lease space available in the heart of downtown Newport City. Featuring approx. 1000 sq. ft. in The Northeast Kingdom Tasting Center, a collaborative local food venture. Existing tenants consists of Eden Ice Cider, The Warehouse Restaurant and The Flaky Crust baked goods. Ideal for numerous types of retail, production area, deli, etc. Prior uses for this space include a meat market, billiards hall, retail of maple products, etc. Bring your ideas and business plans forward to this great lease opportunity. Wired for 220 outlet, plumbed with hot/cold water & drain, stainless prep area wall covering, 14’ ceilings, shared baths and loading dock & elevator access for deliveries. Available immediately at $1000 per month with taxes, water/sewer and trash included. Tenants pay their share of the heat (avg. $68/mo. ), electric (avg. $190/mo. ) and internet ($50/mo. ). 1st months rent and security deposit due at time of signing lease. Landlord prefers a longer term lease to qualified tenants with great references.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.415.2989
Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $960 | $960 | $960 |
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 | $7 | $6 | $8 |
Total Monthly Payment | $82 | $81 | $83 |
* 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.