Free Standing Commercial Building located on Main Street in Melrose with 10 car parking lot! Most recently used as an office, this property has a long his history as a bank. 3 private offices, break room, two half bathrooms and multiple bank teller service areas comprise the first floor. There are 2 finished rooms in the lower level as well as a half bath and a 3rd unfinished room on the upper level that can be improved for additional space. Located on Main Street, across from Pine Banks Park and a short walk to Jitters Cafe, Bobby Cs, Ocean Sushi and Hinge Fitness, this is a fantastic location for a local business owner who is interested in owning rather than renting.Property is a pre-existing, legal, non-conforming use as an office. Underlying zoning is residential, URB. Possible redevelopment opportunity with zoning relief. Buyer to conduct due diligence to confirm all info listed.
138 Main St, Melrose, MA, 02176
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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