Rare 9.54 Acres of General Industrial zoned commercial land currently improved with 2 old warehouse buildings (5112 SF and 3200+- SF) in need of extensive repair or teardown. Excellent location with direct easy access to Rt. 128 via Schoolhouse Road to property. Very close proximity to Blackburn Industrial Park, Gloucester Crossing Shopping Plaza, and site of new YMCA/retail/apartment complex! Property has been recently surveyed and 21E environmental report from 2001 is on file for Buyer review. Property consists of 5 separate contiguous parcels. Allowed uses include manufacturing, processing, research, storage or warehouse, self storage facility, office building, tradesman or contractor yard, stone mason yard, and fuel or ice establishments. Site is mostly level and cleared. City water, city sewer, natural gas and electric services are all available at site. Other uses may be allowed but would require zoning board or city council approval.
40 Sargent Street, Gloucester, MA, 01930
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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