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4000 Quaker Lane, North Kingstown, RI, 02852 | $399,000
Prime commercial real estate opportunity in North Kingstown. This 1. 71 acre vacant commercial lot for sale at 4000 Quaker Lane, North Kingstown is zoned Heavy Business and has many potential uses. The parcel has 325' of frontage on Quaker Lane with high visibility and a recent traffic count of 61, 000+ vehicles per day. Gas and municipal water are available, and three phase power passes by the property. Located 0. 4 miles north of The Home Depot, and 0. 7 miles south of Tarbox Toyota, the property lies within a commercial area consisting of large and small businesses, including national chains such as Walmart, Starbucks, Petco, Dunkin Donuts, Stop & Shop, Wendy's, and The Home Depot. Located across the street from 3961 Quaker Lane, which is Ziggy's Auto Sales and also to the left of, if facing, 4020 Quaker Lane, which is Quaker Lane Wine and Spirits. "Development potential. Lot has been fully surveyed, biological wetlands delineation, and RIDEM class 4 soil evaluations and monitoring have been performed, all passing minimum standards. While no formal applications have been made we have met conceptually with the planning board for commercial development and received generally positive responses. "
Features
- Amenities: Golf,Highway Access,Marina,Near Hospital,Near Schools,Public Transportation,Recreation Area,Shopping,Tennis Court(s),High Traffic Location,Street Lights
- Zoning: HB
- Frontage: 325
- Lot Desc: Level
- MLS#: 1386562
- Website: https://www.raveis.com
/prop/1386562/4000quakerlane_northkingstown_ri?source=qrflyer
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William Raveis Family of Services
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888.699.8876
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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
Allen GellermanInsurance Sales Director, William Raveis Insurance
617.686.2668
Allen.Gellerman@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
4000 Quaker Lane, North Kingstown, RI, 02852
$399,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $319,200 | $319,200 | $319,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.161% | 6.292% | 5.609% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,787 | $1,939 | $2,587 |
| Total Monthly Payment | $1,862 | $2,014 | $2,662 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB