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***Under Contract - CTS*** Highly Desirable Downtown Glastonbury Commercial Space with Mixed-Use Potential!!! Positioned in a charming and highly sought-after downtown location, this prime commercial property offers a unique opportunity to establish or expand your business in the heart of Glastonbury. Positioned at 36 School Street in the heart of the town center, this well-situated property is easily accessible, surrounded by established businesses, dining, and local amenities. The building features approximately 1, 583 square feet of commercial space on a 0. 22-acre lot within the Town Center (TC) zoning district, providing flexibility for a variety of permitted commercial uses (subject to local regulations). Originally built in 1924, the property offers a functional layout that can accommodate office or service-oriented businesses, with the potential for mixed-use configuration where allowed. A rare advantage in this location, the property includes a private rear parking lot with approximately six spaces, along with a ramp for added convenience. The building allows for immediate occupancy and customization to suit a range of business needs. With its central location, on-site parking, and adaptable commercial space, this property presents an excellent opportunity for business owners and investors seeking a presence in one of Glastonbury's most sought-after commercial areas. This property is a must see!!! ***Under Contract - CTS***
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.463.1745
Russell.Baboff@raveis.com
NMLS Mortgage Loan Originator ID 1014636
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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 | $364,000 | $364,000 | $364,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.490% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.524% | 5.730% |
| Monthly Tax Payment | $697 | $697 | $697 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,180 | $2,271 | $2,972 |
| Total Monthly Payment | $2,952 | $3,043 | $3,744 |
* 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.