An incredible commercial opportunity in a terrific location with amazing road frontage. . . that isn't something you see everyday!! Come explore this one -of-a-kind investment opportunity located in the coveted & flexible Village Center District of Jericho, bordering downtown Underhill. Conveniently situated right on Vermont Route 15, the opportunities are endless for your commercial or residential desires for this property's next chapter. Formerly a church, this current structure has been transformed into successful commercial storefront, home to GTG Hydroponics for years. With this, the commercial aspect of the property has been tried & true, & enjoyed success for decades with as desirable of a location as you can imagine for attracting customers! As you enter the building, you'll be wow'd by the high cathedral ceilings, original stained glass windows, & original church bell hanging proudly in the refurbished bell tower. Your next thought will be the tremendous opportunity that comes with the space; both in the main structure which is complete with bathroom, utility room, double vaulted office, & full basement, as well as the rectory which also boasts a bathroom, it's own heat & hot water, & tremendous additional flex space. The potential is limitless & and poised for a prosperous next chapter in its history! Seize the opportunity to invest in a property that combines immense character, functionality, opportunity, & versatility, setting the stage for its next owner!
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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: 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 | $399,920 | $399,920 | $399,920 |
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 | $436 | $436 | $436 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,661 | $2,658 | $3,429 |
Total Monthly Payment | $3,172 | $3,169 | $3,940 |
* 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.