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Presented by
Cheryl Boyd |
Prime Commercial Property Overlooking the Yantic River - Adjacent to Future Hotel Site! A rare opportunity to own a well-known commercial property in a high-potential location-this long-established site has operated for many years as a family-run bakery, serving the local community with pride. While the business name and operations are not included in the sale, the space is ideally suited for continuing a similar venture or introducing a brand-new concept of your own. Beautifully situated overlooking the scenic Yantic River, the property offers a peaceful, picturesque backdrop-adding charm and character to any business you choose to create here. It's also just steps away from the upcoming Yantic Hale Mill redevelopment-a planned 151-room hotel-which promises to bring increased visibility, traffic, and growth to the area. Whether you're an entrepreneur ready to launch your vision or an investor looking for a strategic location, this is your chance to get in early. As a bonus, the sale includes an additional lot currently used as an outdoor stone garden with seating-perfect for creating an inviting customer space or hosting seasonal events. The property is also safely above flood level, and a third adjoining parcel may be available for purchase to expand your footprint even further. This is more than a property-it's a canvas for your next big idea, backed by years of successful operation and set against the tranquil beauty of the Yantic River.
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$299,900
Sales Associate
William Raveis Real Estate
Phone: 203.512.2952
Cheryl.Boyd@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 914.260.2006
Francine.Silberman@raveis.com
NMLS Mortgage Loan Originator ID 69244
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 914.260.5535
Mace.Rattet@raveis.com
NMLS Mortgage Loan Originator ID 69957
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $239,920 | $239,920 | $239,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.250% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.357% | 6.431% | 5.648% |
| Monthly Tax Payment | $247 | $247 | $247 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,419 | $1,477 | $1,944 |
| Total Monthly Payment | $1,741 | $1,799 | $2,266 |
* 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.