Contractors and investors, here's the property that can meet all of your business needs on Nantucket. Take a look at this new rendering, Schematic option #3. reduces the size of the garage from 4 bays to 2 and increases the parking for office and apartment use. Any of these options might suit a buyer's needs. CN-zoned permits up to 40% ground coverage and is well-suited for a variety of commercial uses. These three preliminary schematic concepts have been developed for consideration:
Option 1: A mixed-use building featuring two residential apartments, multiple office suites, and four garage bays.
Option 2: A layout accommodating four separate structures.
Option 3: detailed above.
Please note that these schematic plans are conceptual only and have not received any approvals. They are intended to illustrate potential development scenarios that may or may not be feasible under current zoning and permitting regulations. Additional details, including the zoning chart outlining approved uses, and site plans can be found in the attached documents.
20 Nancy Ann Lane, Nantucket, (Mid Island), MA, 02554
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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