EXCEPTIONAL COMMERCIAL PROPERTY WITH AUTO BODY REPAIR SHOP! OWNER FINANCING AVAILABLE!! Welcome to a rare and outstanding opportunity in the world of commercial real estate! This Commercial General property is currently home to a highly reputable retail auto body repair shop, complete with state-of-the-art equipment available for purchase. Whether you have aspirations of running an auto body repair shop, a mechanic shop, or any other business venture, this property offers a wealth of possibilities, with the added advantage of owner financing. Key Features: Turnkey Auto Body Repair Shop: The existing auto body repair shop is well-established and comes fully equipped with state-of-the-art machinery and tools, setting the stage for a smooth transition. This is a golden opportunity for anyone looking to enter or expand their presence in the auto repair industry. Spacious and Well-Equipped: With a total of 14 bays, this property offers ample space for conducting business operations efficiently and effectively. Whether you're servicing vehicles, conducting mechanical repairs, or even exploring other commercial uses, this property can accommodate your needs. Community Respect: The current owner of this establishment is highly respected in the local community, offering a valuable reputation that can be leveraged to your advantage. This trust and goodwill can help to draw in customers and establish your business as a local staple. Owner Financing: The owner is making this opportunity even more accessible by offering financing with a $400, 000 down payment. The financing arrangement includes a 5-7-year balloon payment and an interest rate that is negotiable based on your creditworthiness. This flexibility can make your dreams of owning and operating this property a reality.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$675,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $540,000 | $540,000 | $540,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.159% | 6.538% |
Monthly Tax Payment | $405 | $405 | $405 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,684 | $3,589 | $4,630 |
Total Monthly Payment | $4,181 | $4,086 | $5,127 |
* 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.