Available for immediate acquisition commercially zoned land at the junction of Route 1 northbound & Route 114 westbound in Danvers Massachusetts. The subject property is known as 195 Andover Street and is 1.5 +/- acres in size within the Highway Corridor (HCZ) zoning district. The land area is an undeveloped, gently sloped wooded site with a non-perennial stream at its base. Area retailers include Costco, Home Depot, Walmart, and Lowes, as well as many automobile dealerships, hotels and restaurants. Additional income derived from an advertising billboard on-site at the corner of Routes 1 & 114. The Highway Corridor Zone (HCZ) in Danvers was established to provide for large-scale development in a manner that encourages creative site planning in order to enhance the appearance and the economic health of that area of the Town of Danvers through which two major highways create a corridor with distinctive characteristics.
195 Andover St, Danvers, MA, 01923
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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