34 Bates Street, Methuen, MA, 01844 | $1,998,880

OPPORTUNITY KNOCKS TO PURCHASE THIS WELL KNOWN ESTABLISHMENT THE SAHARA CLUB REST/BAR W/ PARKING. OR BRING YOUR VISION FOR SOMETHING NEW. CLUB HAS ENTERTAINMENT & SMOKING LICENSE. THIS APPRX 5700 SQ FT BUILDING CONSIST OF A LARGE OPEN FLOOR PLAN AND SEATS APPX 240 PPL ON 2 LEVELS . 1ST FLR HAS A LRGE STAGE, 2 BARS , COAT RM, 3 REST RMS, OPEN SEATING AND KITCHEN. 2ND FLOOR HAS BALCONY WITH LRGE BOOTH SEATING ON ONE SIDE AND TABLE SEATING ON THE OTHER SIDE WITH A SECOND BAR. THE FULL STAIN STEEL KITCHEN IS EQUIPPED W/ 6 PILOT GAS STOVE, WALK IN COOLER, DOUBLE FREEZERS, TRIPLE SINK, BROILER, OVEN, DISHWASHER, PEPSI COOLERS, LIQUOR COOLER AND STORAGE ROOM. 3 BATHROOMS, UPDATED FIRE SUPPRESSION SYSTEM, SPRINKLER SYSTEM, AND SO MUCH MORE. THE POTENTIAL DEVELOPABLE PARKING LOT AT 0 DELMONT ST CONSIST OF 29, 499 SQ FT HOLDS APPRX 60 CARS. PARKING IS ESTIMATED. SEE MLS #73211533

Features

  • Utilities: Public Water, Public Sewer, Water Available, Sewer Available, Natural Gas Available
  • Parking: 90-car
  • Zoning: RD
  • Year Built: 1984
  • Acreage: 0.26
  • Est. Taxes: $16,459
  • MLS#: 73211532
  • Website: https://www.raveis.com
    /prop/73211532/34batesstreet_methuen_ma?source=qrflyer
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
Listing by Debbie Lochiatto courtesy of Key Real Estate   Phone: 781-726-0107

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

34 Bates Street, Methuen, MA, 01844

$1,998,880

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,599,104 $1,599,104 $1,599,104
Term 360 months 360 months 180 months
Initial Interest Rate** 6.000% 6.750% 6.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.377% 6.851% 6.664%
Monthly Tax Payment $1,372 $1,372 $1,372
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $9,587 $10,372 $13,930
Total Monthly Payment $11,084 $11,869 $15,427

* 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.