Mixed use property with commercial use on the first level and a residential unit on the second level. Building was constructed in 1982. Lot size is approximately 16,117 sf. with adequate parking. Quick access to both Interstate 295 and Route 146. There is currently a 960-sf. greenhouse on the property. Building has a full walk-out basement for storage and utilities as well as a half bath. First level is mainly open and was used for retail of produce. Second level had a one-bedroom residential apartment. This building has many possibilities!
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Listing courtesy of Fontaine Real Estate, Inc. Phone: 401-769-7821
505 Old River Road, Lincoln, RI, 20838
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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