366 Hartford Turnpike, Hampton, CT, Connecticut, property flyer

366 Hartford Turnpike, Hampton, CT, 06247 | $319,000

Strategic Commercial Development Site | 2. 07 Acres on Route 6 High-Visibility Location in Hampton, CT The Opportunity: Maximize your business's footprint on one of Eastern Connecticut's most vital transit corridors. This 2. 07-acre commercial parcel is situated directly on Route 6, the primary link between Hartford and Providence. With a powerhouse traffic count of approximately 18, 000 Vehicles Per Day (VPD), this site offers the rare combination of high-volume exposure and a manageable, ready-to-develop footprint. Property Highlights: Size: 2. 07 Level/Usable Acres. Zoning: Zoned Commercial B, offering a flexible range of "Highest and Best" uses including retail, professional offices, medical facilities, or service stations. Traffic: 18, 000+ VPD passing daily, ensuring constant brand awareness and easy customer acquisition. Frontage: Significant road frontage on Route 6 for easy ingress/egress. Strategic Connectivity: Positioned perfectly for businesses requiring a mid-point hub between major metro areas. Development Potential: As development continues to push outward from the urban centers, Hampton's Route 6 corridor remains a high-demand area. This lot represents a "blank canvas" opportunity for investors or owner-users looking to capitalize on the steady stream of commuters and commercial freight traveling between CT and RI. There is also an existing 1392 sq ft ranch home that could be modified or torn down.

Features

Zoning: B
Frontage: State Road

Lot Desc: Open Lot
MLS#: 24151473

Website: https://www.raveis.com
/prop/24151473/366hartfordturnpike_hampton_ct?source=qrflyer

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Listing courtesy of Berkshire Hathaway NE Prop. Phone: (860) 928-1995

William Raveis Family of Services

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888.699.8876

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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
Offers you pre-approval in minutes!
Provides a guaranteed closing date that meets your needs
Has access to hundreds of loan programs, all at competitive rates
Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

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Our Insurance Division:

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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

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For homebuyers and sellers, our Attorney Network:

Consult on purchase/sale and financing issues, reviews and prepares the sale agreement, fulfills lender
requirements, sets up escrows and title insurance, coordinates closing documents
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Streamlines the process as a direct result of the established synergies among the William Raveis Family of Companies

366 Hartford Turnpike, Hampton, CT, 06247

$319,000

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	$255,200	$255,200	$255,200
Term	360 months	360 months	180 months
Initial Interest Rate**	6.000%	6.375%	5.625%
Interest Rate based on Index + Margin	8.125%
Annual Percentage Rate	6.395%	6.545%	5.900%
Monthly Tax Payment	N/A	N/A	N/A
H/O Insurance Payment	$75	$75	$75
Initial Principal & Interest Pmt	$1,530	$1,592	$2,102
Total Monthly Payment	$1,605	$1,667	$2,177

* 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.