Great Opportunity with many possibilities! First floor is a 3000 sf retail space with all mechanicals updated. 2nd floor has recently been updated for 4 Office Spaces but has the potential for additional residential units. 4 1BR apartments rented on top floor. Second floor was updated for office space/spa space. The layout provides for one to three units, but has the potential for conversion to 2-3 residential units. See photos for all electrical updates (separate electrical services, sprinkler) There is potential for a 50% Reimbursement for further building renovation costs.Contact the City Economic Development for full details.
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Listing courtesy of Sharon Rinaldi, Showcase Realty, Inc. Email: Sharonrinaldi@showcasect.com
94-100 Main Street, Norwich, CT, 06360
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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