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Prime commercial/industrial lot for sale! Auto repair facility with expansion potential. Four bay garages, each garage is designed for efficiency, equipped with hydraulic lifts and ample workspace for repairs and maintenance. The expansive outdoor space provides plenty of room for vehicle storage, making it ideal for a small dealership, repair shops, or expansion into additional services. The property is zoned for commercial industrial use, offering versatile options for various automotive-related businesses or potential redevelopment for other commercial ventures. Whether you're looking to expand your current automotive business or seeking a lucrative investment opportunity, this commercial lot offers the perfect combination of location, amenities, and potential for growth. Don't miss out on this chance to own a key piece of real estate in a thriving market. See pictures for a proposed site plan for new residential apartments over retail that is a potential project to be developed if two additional lots also owned are purchased. Reach out today to schedule a viewing and explore the possibilities this property has to offer!
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William Raveis Real Estate
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Contact@raveis.com
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $520,000 | $520,000 | $520,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 5.875% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.112% | 6.520% | 5.415% |
| Monthly Tax Payment | $393 | $393 | $393 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,871 | $3,076 | $4,146 |
| Total Monthly Payment | $3,356 | $3,561 | $4,631 |
* 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.