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275 Main Street, #B, Wellfleet, MA, 02667 | $520,000
For Sale in the heart of Wellfleet Center! A rare commercial offering featuring a +/- 900 sq. ft. retail space on Main Street. Currently occupied by the Newcomb Hollow Shop, this space offers prime visibility for it's next operator. An open floor plan allows for a creative retail layout, while large display windows keep the space filled with light and beckon customers to come inside for a look. The property enjoys great curb appeal with street front & building signage. Flanking the unit is a retail ''summer'' porch which a buyer could continue to employ or they could potentially enclose for additional year round space. The unit is heated by a propane gas wall unit and cooled with window units. There is a half bath to the rear and multiple storage areas for excess inventory as well as additional storage in the basement below (a portion goes with the unit, additional space is rented from a neighboring owner for $200/mo. There are no monthly fees, the unit represents approximately 33% association ownership & responsibility for insurance ($1, 200/yr) and maintenance & capital items as they come up. Immersed in the retail district, this property is close to all Wellfleet Village offers.
Features
- Property Type: Retail,Condominium
- Current Use: Retail Studio
- Permitted Use: Retail Studio
- Construction: Clapboard, Other - See Remarks, Frame
- Utilities: Cable Available, High Speed Internet, Electricity Available, Natural Gas Available, Phone Available
- Garage: Off Street
- Parking: 1-car
- Levels: 1
- Cooling: Other
- Units: 1
- Zoning: CD
- Year Built: 1955
- Approx Sq. Feet: 896
- Est. Taxes: $2,269
- Lot Desc: In Town Location, Medical Facility, Major Highway, House of Worship, Shopping, Marina, West of Route 6
- School District: Nauset
- Appliances: Electric Water Heater, Water Heater
- MLS#: 22405183
- Website: https://www.raveis.com
/prop/22405183/275mainstreet_wellfleet_ma?source=qrflyer
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Frank MerolaVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1020051
508.740.5922
Frank.Merola@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
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617.686.2668
Allen.Gellerman@raveis.com
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275 Main Street, #B, Wellfleet, MA, 02667
$520,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Frank Merola
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 508.740.5922
Frank.Merola@raveis.com
NMLS Mortgage Loan Originator ID 1020051
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $416,000 | $416,000 | $416,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.563% | 7.159% | 6.276% |
| Monthly Tax Payment | $189 | $189 | $189 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,768 | $2,765 | $3,508 |
| Total Monthly Payment | $3,049 | $3,046 | $3,789 |
* 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
MA Mortgage Lender and Mortgage Broker #MC2630