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Prime Newington Property – Now with Favorable Seller Financing Terms The seller is now offering very attractive seller financing on this well-located property directly off Exit 4 of the Spaulding Turnpike. This premier opportunity features a 16, 470 SF building on 6. 69 acres, offering excellent potential for redevelopment or transformation. The site features an expansive asphalt parking lot, ideal for customer or employee use, and benefits from incredible visibility with over 70, 000 vehicles passing daily on the Spaulding Turnpike. The building is currently set up as a restaurant and banquet facility, boasting municipal utilities, a concrete basement for substantial storage, and a fully equipped commercial kitchen with high-quality stainless steel appliances. This layout is ready for high-volume operations or can be reconfigured to suit your unique business needs. The property’s proximity to the Fox Run Mall, JCPenney, and the Newington Park Shopping Center recently purchased for mixed-use redevelopment offers exciting opportunities for synergy and growth. This location is a prime choice for businesses seeking a dynamic setting with excellent accessibility and development prospects. Whether you're envisioning a medical office, retail establishment, or a completely new concept, this site is well-suited for a variety of uses. Explore the potential for vertical expansion or transformation in this strategically located property. For additional information on seller financing
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimMLS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 3/7/2026Our 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.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,950,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $2,360,000 | $2,360,000 | $2,360,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.125% | 5.875% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.021% | 5.984% | 5.806% |
| Monthly Tax Payment | $1,257 | $1,257 | $1,257 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $12,850 | $13,960 | $19,440 |
| Total Monthly Payment | $14,232 | $15,342 | $20,822 |
* 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.