For Sale - A Rare Commercial Offering in the village center of Orleans. Comprised of 6 condominium units on a .50 acre lot, the +/- 4,000 sq. ft. building with multiple private units on two stories. Constructed in 1875 with multiple renovations and a large rear addition, this property is in excellent condition and has great Cape Cod curb appeal. There is plenty of parking and room for potential building expansion. The building is fully occupied by 4 tenants including the owner, all on short term leases. The offices have a mix of HVAC - some with gas heat, some with electric, and some centrally cooled. The property has recently been connected to municipal sewer. Zoned: Village Center (VC). RE Tax: $5,210.00 (6 units). Existing financials are available to qualified buyers who execute a non-disclosure agreement. Asking $1,300,000
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Listing courtesy of Kevin A. Pepe, Commercial Realty Advisors, Inc. Phone: 508-862-9000
12 Main St, Orleans, MA, 02653
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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