We are pleased to bring this amazing opportunity to purchase or long term ground lease of three neighboring parcels of land totaling almost 4 acres of land on Rte. 229 West Street Southington CT. Perfect for a good size plaza, a stand alone restaurant/building, or a condo and or apartment complex, with the town's approval. The land has a perfect slope allowing a commercial building to have loading docks in the rear. A potential condo development will have walk out basements. This land neighbors a recently renovated commercial building, Cava and the New England Baptist College across the street. With spectacular views of Southington mountain, and on one of the busiest roads in Southington the possibilities are endless. Not even a mile from Interstate 84. Two miles to Rte. 72 and 4 miles to Rte. 6. All sewer connections already paid for. There is a house on the property.
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Listing courtesy of Eric Adams, Century 21 AllPoints Realty Email: eadamsrealtor@gmail.com
1516-1552 West Street, Southington, CT, 06489
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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