Mixed-use property situated directly on busy Route 110 in Amesbury, MA. The commercially zoned 5,197sf property consists of the restaurant known as Route 110 Roast Beef (3,305sf plus a 781sf deck & porch- Business is a tenant, not for sale) and a 1,892sf 3 bedroom single family home. The home has a lower level with a separate entry that may be able to be used as a separate apartment or commercial office space. The restaurant tenant has a favorable NNN lease through 2020, with one five year option to renew. Amesbury is presently experiencing commercial growth, and the newly constructed The Heights Amesbury apartment complex is approximately an eighth of a mile away on Route 110. According to the MA DOT, traffic count is 6,918 vehicles per day in 2017. Please do not inquire within the restaurant, it is an operating business.
66 Haverhill Road, Amesbury, MA, 01913
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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