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Welcome to 442 Enfield St, a prime investment and business opportunity along a high-visibility corridor on the CT/MA border. Offering exceptional exposure and strong daily traffic counts, this property is ideal for owner-users, investors, or entrepreneurs seeking both income and growth. Looking to run your own business while living on-site or generating rental income? This fully renovated property, completely gutted and rebuilt in 2004 with full town approvals, is zoned commercial and supports a wide range of uses including retail store front, office, residential income, or professional services such as legal, accounting, insurance, or real estate. The current layout features a nail salon & spa on the main level. The 2nd floor offers a spacious 2 bedroom, 2 bath apartment with an open floor plan, kitchen, living room, laundry room, and HW floors. The lower level provides additional potential in-law setup, including 2 bedrooms, a living room, half bath, and walkout access. Additional highlights include central air, 17 space private parking lot, 3-car detached garage, and a welcoming front porch with handicap ramp, adds convenience for tenants, clients, and customers. The property is ADA compliant per the Town of Enfield, ensuring accessibility for clients and tenants. Conveniently located minutes from downtown Enfield and Springfield with easy access to I-91, this property offers unmatched visibility, flexibility, and Upside - perfect for business owners and investors alike. Nail Salon & Spa business available for separate purchase at $25, 000, including established client base, all equipment (tables and chairs), and existing inventory. Property is commercially zoned (seller indicates it may be classified as Commercial Mixed Use by the Town of Enfield). Buyers are advised to verify with their lender whether commercial or residential financing is required.
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William Raveis Real Estate
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William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $439,920 | $439,920 | $439,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.500% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.375% | 6.638% | 5.972% |
| Monthly Tax Payment | $509 | $509 | $509 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,709 | $2,781 | $3,653 |
| Total Monthly Payment | $3,310 | $3,382 | $4,254 |
* 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.