This prime office condo, located on busy Route 83/Main St in Manchester, offers an excellent opportunity to own a versatile commercial space in a high-traffic area, Spanning 1, 509 sq. ft. , The first floor unit condo features a central Reception area, five therapy rooms or offices (three of which include sinks), a restroom, a kitchenette/storage room with a sink. Gas heat, and city water and sewer services. Ample on-site parking is available, making it convenient for both staff and clients, and the space is fully accessible, complete with an elevator and a handicap lavatory. Previously used as sleep lab for a medical office, this space is move-in ready for a sleep lab. It's ideal for a variety of professional uses, including medical, dental, therapy, legal, accounting, and more. The building itself is constructed with solid cinderblock, providing extra insulation for energy efficiency. It also features a private rear exit for added convenience. Located just 1/4 mile from Manchester Memorial hospital, the office enjoys excellent visibility and easy access for clients. Whether you're looking to utilize the entire space or rent out individual offices for extra income, this office condo is designed to grow with your business over time. It presents an incredible opportunity to own a beautifully maintained, adaptable space in a prime location. Build equity while avoiding long-term rental commitments.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
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 | $103,920 | $103,920 | $103,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | $262 | $262 | $262 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $709 | $691 | $876 |
Total Monthly Payment | $1,046 | $1,028 | $1,213 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.