Seller to offer private financing with 20% down and 6.5% interest rate!! This unique opportunity features private beach access and the option to add your own private dock, making it ideal for a wide variety of high-end uses. Currently a blank slate, the building is a shell—ready for you to customize to suit your vision. Whether you're dreaming of an upscale restaurant, executive office suites, or stylish residential condos, the possibilities are truly endless. Property highlights: Waterfront location with private beach access, Potential for private dock installation Two large loading doors – perfect for continued commercial use Spacious second floor – ideal for offices or possible living quarters Modern, energy-efficient windows throughout Breathtaking water views, especially from the upper level Ample parking with a large paved lot Three-phase electric power Flexible layout – blank canvas for your custom design This is a rare opportunity!!
1510 Padanaram Ave, New Bedford, MA, 02740
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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