Great opportunity! Purchase this commercial property with significant road frontage on State Road 202/Park Lane. Repurpose the existing building or redevelop the site. There is almost a half-acre of land to make your plans a reality. There are several "As of Right" uses in the B-1 zone (subject to site plan approval). These include but are not limited to: Business and Professional Offices, Banks, Retail Shops Offering Goods and/or Services, Various Food Uses including Restaurants, etc. Other successful business ventures adjacent to and across the road from this property make this a potential winner!
40 Park Lane Road, New Milford, CT, 06776
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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