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View this majestic, well maintained 24, 000 square feet, 5 levels, special use/religious commercial property with steeple. Primary building faces main drive on Cottage Street, with easy access to route 95. Green front lawn with pathway entrance towards center, with additional doors flanking building. Quiet foyer before entering expansive, well lit main hall with seating for approx. 200. Tall, clear glass windows line main area center walkway towards front. Rare pipe organ, piano, baptismal. Balcony for additional seating and performance space.
Parking entrance off of Lyons Street, approx. 70 parking spaces. New roof and boiler system installed.
Floorplan include large community/function room commercial kitchen, small chapel, parlor, office, separate larger office with admin area, floral arranging station with sink, 2 changing rooms.
3rd-5th floor contain library, storage and 3-5 class or office spaces.
Lower level music room with upright fitted piano, large function space, connecting hallway for office/storage/classroom/multipurpose use.
Ground level, with leased daycare with additional classroom, admin and separate bathroom facilities.
Two other active leases with good-standing within facility and regular community engagement use for activity and function.
Ample potential for buyer looking for building to expand for special religious use, office/storage or zoned for mixed-use residential.
Seller ideally looking to lease from new building buyer.
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NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $2,000,000 | $2,000,000 | $2,000,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | $0 | $0 | $0 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $11,199 | $12,152 | $16,742 |
| Total Monthly Payment | $11,324 | $12,277 | $16,867 |
* 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.