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Exceptional opportunity to acquire a 1. 5-acre industrial development parcel located along the highly visible Southford Road corridor in Middlebury. Situated within the IG-40 (Gateway Industrial Design District), this property is ideally suited for flex industrial, contractor headquarters, light manufacturing, or office-warehouse development. The site benefits from access to public water and public sewer, a significant advantage that reduces development costs and increases allowable building density compared to typical septic-dependent parcels in the region. Positioned just minutes from Interstate 84, the property offers convenient regional access to Waterbury, Danbury, and the greater western Connecticut market. Existing Site allows for placement of a 2-story building consisting of 6850 S. F. per floor [13, 750 S. F. total with 55 Parking Spaces. Due diligence required regarding changes to underlying zone Zoning Allows: Executive offices, Business offices, Research laboratories, Warehousing. , Light manufacturing, processing or assembly of products and the packaging of foods, beverages, toilet supplies, pharmaceuticals, perfumes and similar products, Retail stores, personal service, professional service, and Financial Services where goods and services are rendered primarily at retail within a building containing less than 14, 000 square feet of floor area, Restaurants where customers are served food and beverage only once seated at tables were counters within an enclosed building. Such use may include a food takeout service incidental to the primary permitted use but shall not include establishments where customers are served in motor vehicles or served primarily add food takeout counters, Commercial health club facilities, Museums. Special Exception Uses are as Follows Day Nurseries Liquor Store Motor Vehicle Fuel Sales Commercial Car Wash
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
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 | $319,200 | $319,200 | $319,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.250% | 5.490% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.313% | 6.398% | 5.710% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,888 | $1,965 | $2,606 |
| Total Monthly Payment | $1,963 | $2,040 | $2,681 |
* 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.