Prime commercial opportunity at 174 Green Street offering immediate utility for owner-occupants and exceptional upside for developers. Situated on a highly visible 0.24-acre (10,454 sq. ft.) lot with steady daily traffic, the versatile, approximately 7,000 sq/ft commercial building is equipped with phase 3 power ready for business use. For developers, this site is a high-yield candidate for a mixed-use commercial and residential build with BA1 zoning. The location offers unbeatable transit access with close proximity to the Melrose Highlands Commuter Rail, Oak Grove (Orange Line), and vibrant downtown Melrose. Capitalize on a rare footprint with multiple paths to ROI in a high-demand market. Buyers and their agents to perform all due diligence regarding zoning, permitting, and specific uses.
174 Green 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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