2 School Street, Rumney, NH, 03266 | $499,000

Possible investment property in an excellent location on the corner of Mount Moosilauke Highway (NH Route 25) and Main Street headed to center of town for Rumney NH. Newly renovated pizza restaurant with 300 feet of highway frontage and 450 additional road frontage on 1. 0 cleared acre with approved septic design with potential to build apartments/office space with up to 5 additional bedrooms. View of Rumney Rocks climbing area from property. Near Polar Caves, Plymouth State University, and Tenney Mountain Ski Area. First floor includes 1, 773 sq ft of newly renovated space (new roof, bathrooms, floors, walls, siding, heat, electrical, plumbing, etc. ) for inside dining. Back deck available for dining as well. Unfinished storage area on 2nd floor. Brand new Roto-Flex Rotating Deck Oven to bake 16 16-inch pizzas at one time. Additional Equipment - Dairy Queen Soft Serve Ice Cream Machine & Frappe Maker. Bring your business and residential investment development ideas.

Features

  • Property Type: Business,Opportunity
  • Construction: Wood Frame,Vinyl Siding
  • Parking: Off Street
  • Heating: Mini Split
  • Cooling: Mini Split
  • Units: 2
  • Zoning: VILLAG
  • Frontage: 750
  • Year Built: 1910
  • Approx Sq. Feet: 1,723
  • Acreage: 1
  • Est. Taxes: $7,386
  • MLS#: 5011395
  • Website: https://www.raveis.com
    /prop/5011395/2schoolstreet_rumney_nh?source=qrflyer
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Listing courtesy of Maxfield Real Estate/Meredith   Phone: 603-677-7068
Listing Agent: Anne Jalbert

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2 School Street, Rumney, NH, 03266

$499,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $399,200 $399,200 $399,200
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.125% 4.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.483% 6.273% 5.268%
Monthly Tax Payment $616 $616 $616
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,426 $2,426 $3,155
Total Monthly Payment $3,117 $3,117 $3,846

* 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.