112 Ashaway Road, Westerly, RI, 02891 | $889,000
Recently renovated Former banquet facility totalling approximately 8, 800 square feet of space offering large open spaces suitable for Retail, Wholesale, Showroom, Indoor recreation, etc. 1. 1 Acre lot offering over 50 parking spaces and zoned GC General Commercial with many allowed uses.
Space Breakdown -
Ballroom = 4, 702 SF
Shop#1 = 1, 602 SF
Shop #2 = 854 SF
Second Floor
Offices = 1, 642 SF
Former commercial kitchen ( Shop 1&2 ) was gutted and is configured as warehouse or storage area.
A rare oppportunity for a large commercial space with tons of parking. Property will be offered Vacant and as is for sale to an owner - user unless aor until spaces are leased.
Property also available for lease. see MLS -
Agent is member of ownership LLC
Features
- Property Type: Commercial
- Permitted Use: Commercial
- Construction: Frame
- Utilities: Natural Gas Connected,Municipal Utilities,Water Connected
- Parking: 54-car
- Heating: Central,Gas
- Cooling: Central Air
- Units: 4
- Zoning: GC
- Year Built: 2002
- Acreage: 1.1
- Est. Taxes: $6,610
- MLS#: 1367223
- Website: https://www.raveis.com
/prop/1367223/112ashawayroad_westerly_ri?source=qrflyer
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Whitney RuggVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 7654
401.474.4879
Whitney.Rugg@raveis.com
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112 Ashaway Road, Westerly, RI, 02891
$889,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Whitney Rugg
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $711,200 | $711,200 | $711,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
| Monthly Tax Payment | $551 | $551 | $551 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,038 | $4,437 | $5,954 |
| Total Monthly Payment | $4,681 | $5,080 | $6,597 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB