331 Lafayette St, Salem, MA, Massachusetts, property flyer

331 Lafayette St, Salem, MA, 01970 | $26

This is an opportunity to lease a second generation restaurant in a highly visible location with on-site parking. The attractive building is less than ten years old. It affords outdoor seating as well as having 49 interior seats. There are two handicap bathrooms within the space. Being close to Marblehead and Swampscott, this Salem location makes the space suitable for a variety of restaurant types. Currently, this is a pizza restaurant. Bring your own restaurant concept to this attractively designed space. Quoted rent is triple net.

Features

Zoning: B1
Year Built: 2017
Approx Sq. Feet: 2,794

Acreage: 0.82
Est. Taxes: $85,384
MLS#: 73500624

Website: https://www.raveis.com
/prop/73500624/331lafayettest_salem_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 Mark Shapiro courtesy of The Drumlin Group Inc.

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NMLS Mortgage Loan Originator ID 1500191

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331 Lafayette St, Salem, MA, 01970

$26

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	$21	$21	$21
Term	360 months	360 months	180 months
Initial Interest Rate**	5.750%	6.250%	5.375%
Interest Rate based on Index + Margin	8.125%
Annual Percentage Rate	6.275%	6.398%	5.595%
Monthly Tax Payment	$7,115	$7,115	$7,115
H/O Insurance Payment	$75	$75	$75
Initial Principal & Interest Pmt	$0	$0	$0
Total Monthly Payment	$7,190	$7,190	$7,190

* 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.