Introducing an exceptional investment opportunity! This versatile property, zoned CL-2, is designed to accommodate a variety of uses, including office, medical, or retail spaces. The well maintained building spans multiple office suites, workrooms, storage areas, two kitchen/break room spaces, and three bathrooms. Several suites are equipped with sinks and plumbing, making them especially suitable for salons, medical practices, and other specialized uses. This property encompasses two parcels: a 2420 sq ft office building with six dedicated parking spaces and a fully fenced 0. 13-acre vacant commercial lot in the rear. The vacant lot provides additional parking or offers potential for future development, giving you flexibility to tailor the space to your needs. Roof & some HVAC replaced in 2022. The seller is willing to offer owner financing with the following terms: 20% down, 8% interest, and a balloon payment due in 1-3 years. Terms of repayment are negotiable, enhancing the attractiveness of this property for investors and business owners alike. The building currently has a month-to-month tenant occupying half of the space, who is eager to discuss terms with a new owner. Seize this rare opportunity to invest in a commercial property that offers both immediate income potential and room for growth. Don’t miss out on this adaptable space with the potential for impressive returns.
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Our Executive Mortgage Banker:
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$1,100,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $880,000 | $880,000 | $880,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.762% | 6.036% |
Monthly Tax Payment | $416 | $416 | $416 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,635 | $5,635 | $7,726 |
Total Monthly Payment | $6,176 | $6,176 | $8,267 |
* 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.