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1017 1019 Main Street, #2, Hopkinton, RI, 02832 | $225,000
This is for the INVENTORY, (buildings are being sold separate, $225, 000) and building package for 1017 and 1019 Main Street, Barrett's Service Center, is $529, 900.
Inventory for: 1017 & 1019 Main St, GREAT BUSINESS OPPORTUNITY, TWO BLDGS-RETAIL BLDG OR STORAGE BLDG - HIGH TRAFFIC COUNT- High Visibility, near I-95 and 10 minutes to Westerly, Midway to Boston and New York. Pfizer and Electric Boat nearby. Casinos are 15 mins away Foxwoods and Mohegan Sun 15-20 minutes away. Turnkey investment opportunity! This property has been a family-owned business for many years and has been providing service and sales to Southern Rhode Island and Eastern Connecticut since 2004. There are two buildings on their own lots. One building supports the retail sales and parts, and the other building is a full-service center. Inventory not included in sale, new roof, 1-layer, new gutters, new soffits, oil heat and mini splits, new electrical, new siding. Explore options of making the 2 buildings into 6 rental units/condo conversion. Also new electrical upgrade. Includes a Phase I study and the land is clean. This property is easily accessible from I95, Rte 138 and Rte 3, high street visibility and traffic. Great established business! P & L available upon proof of funds. Septic upgrade negotiable. Large Bus Mdl-95/94, NB zoning. Both lots/buildings being sold together. Inventory is separate. See MLS # 1402264. Bldg #1 and Bldg #2. **** $225, 000 is for inventory at 1017 and 1019 Main Street.
Features
- Property Type: Commercial
- Permitted Use: Automotive,Commercial,Multi-Family,Mixed Use,Retail,Warehouse
- Construction: Other
- Utilities: Electricity Available,Natural Gas Available,Water Connected
- Parking: 10-car
- Heating: Ductless,Forced Air
- Cooling: Ductless
- Amenities: Golf,Highway Access,Near Schools,Public Transportation,Restaurant,Shopping
- Zoning: NB
- Frontage: 120
- Laundry: Common Area
- Year Built: 1960
- Acreage: 0.39
- Est. Taxes: $1,885
- MLS#: 1402421
- Website: https://www.raveis.com
/prop/1402421/10171019mainstreet_hopkinton_ri?source=qrflyer
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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
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Our Insurance Division:
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
1017 1019 Main Street, #2, Hopkinton, RI, 02832
$225,000
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 | $180,000 | $180,000 | $180,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 5.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.209% | 6.178% | 5.541% |
| Monthly Tax Payment | $157 | $157 | $157 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,022 | $1,079 | $1,447 |
| Total Monthly Payment | $1,254 | $1,311 | $1,679 |
* 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