NOTHING LIKE THIS ONE IN THE AREA! Fantastic investment opportunity located on the southern end of Colebrook's Main Street. Bring an existing business, start a new business venture or use it as a rental investment. With 16, 000 sq. ft. Plenty of room for multiple uses. The main floor consists of 7, 600 sq. ft. with 11ft ceiling, and office/receiving area of 1, 088 sq. ft. Basement rear area has 3, 200 sq. ft. with 11 ft ceilings and the front area has 4300 sq. ft. with 7 1/2- 8ft ceilings. Access to the basement is from the main floor via staircase or from two 9ft X 9ft overhead doors from lower level. 3. 92 acres provides you with parking for 20+ vehicles directly in front of the existing building. To the left of the driveway is a lot that could be used for additional parking for existing building or build a new building for more rental income. Level area is approx. 120ft +/- wide to 200ft +/- deep with dedicated town sewer and electrical pole on lot and water main bordering lot. While listed as being built in 1950 it should be noted that the building in 1997 went through a major expansion renovation replacing 75% of the building and expanding it to the existing 16, 000 sq. ft. footprint. Great location, fantastic building and lot, great investment opportunity check it out today!
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $796,000 | $796,000 | $796,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.875% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.430% | 6.977% | 6.790% |
Monthly Tax Payment | $1,119 | $1,119 | $1,119 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,837 | $5,229 | $6,989 |
Total Monthly Payment | $6,048 | $6,440 | $8,200 |
* 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.