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TILTON - 03276 - 10. 71 acres primed, permitted and waiting for major commercial development. The value here cannot be overstated. Situated just minutes from exit 20, the gateway to the Lakes Region, and tucked between a Walmart/Market Basket shopping complex and a Lowes/Kohls retail center, this property is highly visible. The 2012 LRPC traffic study found traffic volume on Route 3 west of exit 20 was as high as 33, 525 cars. The property has 90 feet of frontage on Route 3 for extremely visible signage. It also includes ownership and access to the west half of icehouse pond which is a lovely feature that makes this property aesthetically very attractive. Improvements include: $84, 000 in wetland mitigation permits. $50, 000 to clear and fill the wetlands in 2016. $30, 000 in engineering plans, including improvements to Bittern lane and Route 3 for improved ingress and egress to site. This plan reflects some widening and an additional turn lane. Town and state approvals to build an indoor sports facility. This has the potential to be a turn-key development for someone wanting to enter this business or who is looking to expand their holdings. Seller is willing to share all engineering and drawings and other research with buyer. Agent has ownership interest.
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William Raveis Real Estate
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NMLS Mortgage Loan Originator ID 81725
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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 | $1,036,000 | $1,036,000 | $1,036,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.000% | 5.875% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.048% | 5.984% | 5.806% |
| Monthly Tax Payment | $1,009 | $1,009 | $1,009 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,561 | $6,128 | $8,534 |
| Total Monthly Payment | $6,695 | $7,262 | $9,668 |
* 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.