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Presented by
Laura Alling |
Prime Mixed-Use Investment & Owner-Occupant Opportunity on the Connecticut Shoreline! Located in a highly visible, high-traffic area of Clinton, this well-maintained standalone building offers exceptional flexibility for investors, business owners, or owner-occupants. With 2, 268 square feet of versatile space, the property is ideal for office, retail, showroom, sales or mixed-use applications. The main level is currently configured with two private offices, a reception/waiting area, conference room, storage room, half bath, and kitchenette. The walk-out lower level provides additional office, retail, showroom, or storage space and includes a full bath and kitchen, offering the potential to be configured for a second tenant and additional income stream. Perfect for an owner-user seeking space for their business while generating rental income, the property also presents an attractive investment opportunity. The current tenant has expressed interest in renewing and extending their lease for an additional 5-year term, providing the potential for stable, long-term income. Based on projected financials, the property is capable of generating an attractive investment, making it a strong addition to a portfolio. Ample off-street parking accommodates up to 10 vehicles. Enjoy marsh views from the wraparound deck on the main level, accessed through two sets of sliding glass doors and surrounded by attractive landscaping. Situated on a corner lot at Route 1 and Meadow Road, a quiet dead-end street, the property benefits from excellent exposure, a crosswalk directly in front, and newly installed sidewalks. Thoughtfully updated and move-in ready, this unique property presents an outstanding opportunity for investors, business owners, or entrepreneurs seeking a highly visible shoreline location with income-producing potential.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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$425,000
Sales Associate
William Raveis Real Estate
Phone: 860.552.9579
Laura.Alling@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.641.8287
Dave.Beckman@raveis.com
NMLS Mortgage Loan Originator ID 10930
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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 | $340,000 | $340,000 | $340,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.424% | 6.615% | 5.952% |
| Monthly Tax Payment | $385 | $385 | $385 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,066 | $2,147 | $2,823 |
| Total Monthly Payment | $2,526 | $2,607 | $3,283 |
* 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.