Wonderful Investment Opportunity on heavily traveled RT-6 Aka Thomaston Road in Watertown. This 3.27 Acre parcel is zoned "Mixed Use" and offers approximately 600 Feet of road frontage. The Best use for this property would be Retail Businesses on the first level and Apartments on the second level. I believe the regulations allow for 3 Apartments per acre, so 9 Total. The City sewer line is approximately 220 feet away and the city water is at the Intersection of RT-6 and Buckingham. Well and Septic are an option. The prints attached to this listing are Conceptual Blue Prints they are not approved.
Zoning:
Mixed Use / Retail / Residenti
Utilities
Cable Available,Electric Available,Phone Available,Underground Required
Lot Description:
Treed,Level Lot,Sloping Lot
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Listing courtesy of Ken Demirs, Regency Real Estate, LLC Email: ken@regencyhomesct.com
Lot-C Thomaston Road, Watertown, CT, 06795
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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