|
|
Unlock the potential of a highly adaptable commercial asset-priced to move, located to perform, and ready for your vision. A Prime Commercial Opportunity - Now Offered at $1, 400, 000 Discover a versatile commercial property positioned for growth, reinvention, and long-term value. Now strategically priced at $1, 400, 000, this 6, 102 sq ft free-standing building on 2. 35 acres offers exceptional potential for a variety of business models beyond its successful history as a pizzeria and lounge. Located just 6 minutes from Bradley International Airport and boasting frontage with easy access to I-91, Rte. 159, and Rte. 20, this property is ideally situated for high-visibility, high-traffic commercial use. Its 75-space paved parking lot, excellent road exposure, and proximity to major travel corridors make it a standout for operators seeking convenience and accessibility. Expanded Possibilities - Built for More Than a Restaurant With BUS1 zoning and a flexible, open floor plan, the property lends itself to multiple compelling redevelopment or repurposing concepts, including: * Retail - Boutique, specialty shop, convenience, or destination retail * Banquet or Event Space - Receptions, celebrations, business events * Brewery or Taproom - Ample layout for brewing, tasting, & distribution * Commissary / Ghost Kitchen - Strong infrastructure for high-volume production Whether you want to continue restaurant operations, reposition the asset, or launch a new concept entirely, the property is primed for a smooth transition. Surrounding Demand Drivers * The 170-room Ramada Inn renovation is now complete, bringing refreshed hospitality demand directly across the street. * The Woodbridge of Windsor Locks residential community is within walking distance, offering a built-in customer base. * Year-round airport activity and regional business travel feed a steady stream of potential patrons. Additional Seller Flexibility The owners are willing to consider a 1031 Exchange, creating a more seamless transaction opportunity for qualified investors.
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.
Our Executive Mortgage Banker:
Our Insurance Division:
For homebuyers and sellers, our Attorney Network:
$1,400,000
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
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,120,000 | $1,120,000 | $1,120,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 4.750% | 5.750% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.028% | 5.858% | 5.681% |
| Monthly Tax Payment | $1,877 | $1,877 | $1,877 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,842 | $6,536 | $9,151 |
| Total Monthly Payment | $7,844 | $8,538 | $11,153 |
* 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.