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Presented by
Harry Finer - The Finer Team |
Prime Commercial Property with High Visibility! This exceptional 20, 779 sq. ft. commercial property is strategically located just 100 yards north of the 91 exit ramp and 200 yards from Longmeadow, MA. With a remarkable daily car count of 15, 000, your business will enjoy unparalleled exposure and foot traffic. Constructed with a robust combination of concrete block and steel beams, this property promises durability and longevity. The main building features five distinct sections, providing versatility for a variety of business ventures. Currently, the property generates immediate income with established tenants, including Meineke Mufflers and MOMS, a beloved community staple since 1973. Inside, the main area boasts a spacious showroom, two half baths, and an assembly/repair area complete with a loading dock. Additionally, there is a parts area with 14-foot clearance and a convenient overhead door for easy access. The upper level offers an additional 4, 200 sq. ft. comprised of seven rooms currently used for storage, which could easily be transformed into office space; this area was formerly a dance studio, providing ample room for expansion. Each unit is equipped with gas heat and its own central air conditioning, ensuring year-round comfort. 2 out of 3 units rented for a total of 113, 000 yearly. This property is ideal for entrepreneurs, investors, or businesses seeking to thrive in a high-traffic area with a proven history of success.
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.
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$1,149,900
Sales Vice President
William Raveis Real Estate
Phone: 860.882.4911
Harry.Finer@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.463.1745
Russell.Baboff@raveis.com
NMLS Mortgage Loan Originator ID 1014636
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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 | $919,920 | $919,920 | $919,920 |
| 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 | $1,545 | $1,545 | $1,545 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,009 | $5,442 | $7,578 |
| Total Monthly Payment | $6,678 | $7,111 | $9,247 |
* 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.