Mixed Use zoning in Historic Mill District overlay allows for many uses. Property is at Andover Station and immediately across the tracks from the Andover Town Yard redevelopment project. The former railroad building in Downtown Andover has been reclaimed from the industrial era and deftly converted into commercial space. Unique interiors include reception areas, office lofts, exposed beams, iron fireplaces (non-functional) and an original freight scale that serviced the Boston and Maine Railroad. 2 Units for Lease— can be combined! Unit 1, Appx. 1677 Sq. Ft. Unit 2, Appx. 1180 Sq. Ft. TOTAL: Appx. 2857 Sq. Ft. Each unit has its own HVAC, Gas heat. Submetered Power. Single Phase Electrical in building, but three phase power is offered on the street. Lot parking is limited, but on-street parking is very plentiful— downtown site without the downtown parking hassle. Great space for professional services, design/architecture firm, boutique retail. Restaurant will also be considered.
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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: 978.314.1072
Joanne.OKeefe@raveis.com
NMLS Mortgage Loan Originator ID 38342
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $20 | $20 | $20 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $2 | $2 | $2 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $0 | $0 | $0 |
Total Monthly Payment | $77 | $77 | $77 |
* 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.