Presenting a unique investment opportunity in a picturesque waterfront setting on 3.9 acres of land, with 14,730 sq ft of space. The property is zoned Hospital Private, offering many potential behavioral health care uses. Previously leased by McLeans Hospital (1997-2019), the property has a history of serving the community and now presents an investment option for those looking to capitalize on the healthcare sector. Vacant since the summer of 2018; the property is in need of a complete gut rehab to restore it. In 1959 it was a substance abuse hospital; and McLeans occupied it as a 26 bed facility with an overnight component. There is an already established town hall relationship, with the town seeming eager to ensure a seamless transition. With the town assessment of $730,800; this property offers a promising investment opportunity. An experienced Operator is already lined up, making it an attractive option for discerning capital investors.
216 Lake Rd, Ashburnham, MA, 01430
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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