Elevate your investment portfolio with this extraordinary opportunity! Presenting a prime commercial office building poised for success in a coveted location. Enjoying exceptional visibility on one of Dover's busiest streets within a premier commercial district, this property promises lucrative returns. Comprised of five rental units thoughtfully designed to cater to a diverse range of businesses, from intimate 700+/- square foot spaces to more expansive 1, 400+/- square foot suites, this property offers versatility and flexibility to maximize rental income and accommodate various tenant needs. Strategically positioned adjacent to a major shopping plaza (Hannaford's Plaza), this property capitalizes on its proximity to retail hubs, ensuring a steady stream of foot traffic and heightened exposure for tenants. Additionally, being situated at a signalized intersection further amplifies its desirability, guaranteeing high visibility and accessibility for both tenants and customers alike. Whether you're an experienced investor seeking to expand your portfolio or a savvy entrepreneur looking to establish your business in a prime location, this commercial office building presents an unparalleled opportunity for success and growth. Don't miss out on this chance to own a lucrative asset in one of the most sought-after commercial locations in Dover. Seize the opportunity to secure your investment and unlock the potential for substantial returns.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
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Our Insurance Division:
$1,900,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,520,000 | $1,520,000 | $1,520,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.769% | 6.270% | 5.864% |
Monthly Tax Payment | $1,980 | $1,980 | $1,980 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,512 | $9,236 | $12,521 |
Total Monthly Payment | $10,617 | $11,341 | $14,626 |
* 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.