Existing commercial property on a 1.21± acre site with strong visibility and frontage along heavily traveled Route 38 in Tewksbury. Formerly operated as a full-service restaurant with an approved occupant load of 206. The interior includes an expansive bar area, billiards room, multiple dining areas, a large commercial kitchen, and two patron restrooms. The second level is partially finished with a bedroom and full bathroom. Located in the South Business (SB) District, a zoning designation intended to support neighborhood-serving commercial and mixed-use development. Allowed and special-permit uses within the SB District include restaurants and food establishments, professional and medical offices, retail and personal service uses, child care centers, fitness facilities, large commercial indoor recreation and entertainment uses, and dwelling units above the ground floor of a commercial building. Renovate the existing structure or redevelop the site to accommodate a new use.
2212 Main St, Tewksbury, MA, 01876
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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