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Presented by
Vicky Welch - Vicky & Team |
274 Hemingway Avenue, East Haven, CT, 06512 | $649,900
Directly Across from Town Green & Trolley Square High-Visibility Multi-Tenant Asset | Exceptional ROI Potential An outstanding opportunity to acquire a prime commercial real estate asset in a high-traffic, high-demand corridor. This multi-tenant building is perfectly positioned for an investor seeking immediate cash flow or an owner-occupant looking to secure a future home for their business in a prestigious location. REAL ESTATE ONLY - BUSINESSES ARE NOT INCLUDED. STRATEGIC LOCATION-Centrality: Located directly across from the Town Green and the Trolley Square Shopping Center. Immediate and easy access to I-95, making it a convenient destination for clients and employees alike. Heavily traveled street Benefiting from daily vehicle and foot traffic, ensuring maximum exposure for tenants. The property features a stable, professional tenant mix: First Floor: Fully occupied by an established Day Spa (active lease in place). Second Floor: Occupied by a professional Law Office (presently on a month-to-month) Parking is a premium in this district. This property includes approximately 14 dedicated parking spaces within the R1 zoned area. This is a significant competitive advantage that enhances tenant retention and property value. Currently situated in an R1 zoned area with significant potential for mixed-use development. Endless possibilities to customize and adapt the interior space to suit your specific investment goals or business needs. Perfect for a "Value-Add Investor or a future owner-occupant who wishes to transition their own business into the space as leases expire. Excellent Return on Investment based on current professional tenancies. While the possibilities are endless, all research is the sole responsibility of the client. FOR MORE INFORMATION OR TO SCHEDULE A PRIVATE VIEWING.
Features
- Current Use: DAY SPA ON 1ST FL, LAW OFFICE ON 2ND FL
- Permitted Use: DAY SPA, ANY TYPE OF OFFICE USE/POSSIBLE RETAIL
- Utilities: Electric,Gas
- Garage: Paved,Off Street Parking,Driveway
- Parking: 14-car
- Heating: Hot Air
- Cooling: Central Air
- Units: 2
- Zoning: R-1
- Frontage: Municipal Street
- Year Built: 1717
- Approx Sq. Feet: 5,312
- Acreage: 0.37
- Est. Taxes: $11,657
- Lot Desc: Level Lot
- MLS#: 24133871
- Website: https://www.raveis.com
/raveis/24133871/274hemingwayavenue_easthaven_ct?source=qrflyer
William Raveis Family of Services
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.
Vicky Welch - Vicky & TeamLuxury Properties Specialist
203.215.4990
Vicky.Welch@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Kevin DeTullioVP, Mortgage Banker / Production Manager, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1724767
203.305.5736
Kevin.DeTullio@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
Brian SkellyVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 793093
203.415.2989
Brian.Skelly@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
Diane PadelliInsurance Sales Director, William Raveis Insurance
203.444.0494
Diane.Padelli@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
Ray CashenPresident, William Raveis Attorney Network
203.925.4590
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 - Offers one-stop shopping; to satisfy closing, title, and insurance needs in a single consolidated experience
- Offers access to experienced closing attorneys at competitive rates
- Streamlines the process as a direct result of the established synergies among the William Raveis Family of Companies
274 Hemingway Avenue, East Haven, CT, 06512
$649,900
Vicky Welch - Vicky & Team
Luxury Properties Specialist
William Raveis Real Estate
Phone: 203.215.4990
Vicky.Welch@raveis.com
Kevin DeTullio
VP, Mortgage Banker / Production Manager
William Raveis Mortgage, LLC
Phone: 203.305.5736
Kevin.DeTullio@Raveis.com
NMLS Mortgage Loan Originator ID 1724767
Brian Skelly
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.415.2989
Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $519,920 | $519,920 | $519,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.625% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.133% | 6.739% | 5.952% |
| Monthly Tax Payment | $971 | $971 | $971 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,993 | $3,329 | $4,317 |
| Total Monthly Payment | $4,056 | $4,392 | $5,380 |
* 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
CT Mortgage Correspondent Lender License 15524