116 Buckland Road, South Windsor, CT, 06074 | $975,000

"SELDOM AVAILABLE LAND ON BUCKLAND ROAD" is this 1. 8 acre site waiting for its new owner/developer. The property is located in the heart of the shopping areas of Evergreen Walk and the Buckland Mall. Retailer's in the immediate area are Trader Joe's, Marshall's, Target, Lowe's, Home Depot, Apple Store and too many others to list. NOW OPEN is the newly built COSTCO consisting of a 160, 000 square feet. Under construction in Evergreen Walk is the NEW WHOLE FOOD STORE AND SHAKE SHACK!! The daily traffic counts in the area ranges up to 25, 200 +/- vehicles daily and will increase considerably now that COSTCO IS OPEN. Starting Construction on Buckland Road is the GATEWAY PLAZA with 250, 000 s/f of MEDICAL OFFICE AND RETAIL along with the new Chase Bank and Aldi's Grocery. THE VALUE IS IN THE LAND!!!!!!!!

Features

  • Permitted Use: Retail or Office
  • Construction: Frame,Brick
  • Utilities: Electric,Gas,Phone Available,Cable Available
  • Garage: Detached Garage
  • Parking: 0
  • Heating: Hot Air
  • Cooling: None
  • Units: 4
  • Zoning: GD
  • Frontage: 200
  • Year Built: 1970
  • Approx Sq. Feet: 5,000
  • Acreage: 1.8
  • Est. Taxes: $11,166
  • Lot Desc: Level Lot
  • MLS#: 170425559
  • Days on Market: 414 days
  • Website: https://www.raveis.com
    /prop/170425559/116bucklandroad_southwindsor_ct?source=qrflyer
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Listing courtesy of Murray Commercial Real Estate

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NMLS Mortgage Loan Originator ID 81725

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116 Buckland Road, South Windsor, CT, 06074

$975,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate*
30 Year
Fixed-Rate
15 Year
Fixed-Rate
Loan Amount $780,000 $780,000 $780,000
Term 360 months 360 months 180 months
Initial Interest Rate** 4.625% 5.500% 5.250%
Interest Rate based on Index + Margin 4.250%
Annual Percentage Rate 5.337% 5.770% 5.449%
Monthly Tax Payment $931 $931 $931
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,010 $4,429 $6,270
Total Monthly Payment $5,032 $5,451 $7,292

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.