1633 Bay St, Springfield, MA, Massachusetts, property flyer

1633 Bay St, Springfield, MA, 01109 | $350,000

Exceptional opportunity to acquire a fully operational restaurant with a valuable full liquor license transferable ( subject to local licensing authority approval ). This well established business offers turn-key set up, including equipment, fixtures and business assets This long stand establishment has been a staple in the community for over 50 years with a loyal and consistent customer base. The current owners aren't utilizing the dining room (which seats 40) or the full bar( feat 8 beer taps) , offering new owner opportunity to expand and increase revenue. Lease terms and business transfer subject to landlord approval . Located in a high traffic area with a strong take put presence . Seller willing to consider partial seller financing for qualified buyers, with terms to be negotiated, including a good will component. Available with real estate as well see listing MLS 73414103.

Features

Utilities: Public Water, Public Sewer, Natural Gas Available, 110 Volts
Zoning: B1

Year Built: 1960
MLS#: 73489816

Website: https://www.raveis.com
/prop/73489816/1633bayst_springfield_ma?source=qrflyer

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
Listing by Sara Enman courtesy of Naples Realty Group Phone: 413-650-1314

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Kate RockettRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1500191

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Kate.Rockett@raveis.com

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1633 Bay St, Springfield, MA, 01109

$350,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Kate Rockett

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 617.281.4872

Kate.Rockett@raveis.com

NMLS Mortgage Loan Originator ID 1500191

	5/6 (30 Yr) Adjustable Rate Conforming*	30 Year Fixed-Rate Conforming	15 Year Fixed-Rate Conforming
Loan Amount	$280,000	$280,000	$280,000
Term	360 months	360 months	180 months
Initial Interest Rate**	5.875%	6.250%	5.375%
Interest Rate based on Index + Margin	8.125%
Annual Percentage Rate	6.357%	6.431%	5.668%
Monthly Tax Payment	N/A	N/A	N/A
H/O Insurance Payment	$75	$75	$75
Initial Principal & Interest Pmt	$1,656	$1,724	$2,269
Total Monthly Payment	$1,731	$1,799	$2,344

* 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.