Welcome to 232 Shunpike Road, a prime commercial offering in the dynamic town of Cromwell, CT, where the possibilities for growth and development are as rich as the New England landscape. Nestled on a . 62-acre parcel zoned for industrial use, this versatile property presents a rare opportunity for savvy investors and business owners alike. With 340 feet of frontage on the bustling Shunpike Road, your enterprise will enjoy high visibility in a prime location that boasts easy access to major highways and thoroughfares, connecting you swiftly to your clients and customers. The property features a Cape style home that offers a blank canvas for customization. With three bedrooms and one bath, the structure is ripe for conversion into a variety of commercial uses, from professional offices to retail space. While cosmetic updating is needed, the solid bones of this structure offer exciting potential for those ready to bring their vision to life. The attached zoning regulations highlight a myriad of permitted uses, ensuring that your business aspirations can be realized within this property's boundaries. Whether you are planning to establish a manufacturing hub, a warehouse, or repurpose it into a bespoke service-oriented facility, the options here are indeed endless. Seize the opportunity to make 232 Shunpike Road the cornerstone of your commercial portfolio. The combination of location, flexibility, and potential make this property a wise investment for those looking to capitalize
Type | Level |
---|---|
Bedroom 1 | Upper |
Bedroom 2 | Upper |
Dining Room | Main |
Kitchen | Main |
Living Room | Main |
Primary Bedroom | Main |
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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 | $239,920 | $239,920 | $239,920 |
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 | $526 | $526 | $526 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,596 | $1,595 | $2,057 |
Total Monthly Payment | $2,197 | $2,196 | $2,658 |
* 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.