1421 NH Route 119, Rindge, NH, 03461 | $1,290,000

Exceptional 2. 50-acre investment or development opportunity on the corner of New Hampshire Routes 119 and 202 in Rindge. Just minutes from theMassachusetts border, this prime commercial location features two curb cuts on both major frontage routes and a rear property line abutting Market Basket plaza. This opportunity includes the 1949 Silk City Diner (~1, 560SF) as well as a separate three-story brick building currently leased by an investment company (~1, 160SF) with a 2. 0BD/1. 0BA apartment (~1, 170SF) above. The brick building's basement offers approx. 1, 000 unfinished SF currently used as storage for the tenants, along with a 1-car garage and washer/dryer hookups. Tenants in lease until October 31, 2024. Septic is 1. 5 years old. Diner is listed separately as well, with no land attached to that sale. See MLS 4941292. Diner details: this is the rare opportunity to own a restored vintage 1949 Silk City Diner in a turnkey state. Currently located at 1421 NH Route 119 in Rindge, NH and operating as the Hometown Diner, this diner was restored with care and intention in 2010 to factory standards, with only a slight modification to allow for more spacious seating and ADA accessibility. The diner building and its contents -- furniture, fixtures, and most appliances and inventory -- are included in the sale. The diner will need to be transported and relocated to the buyer's desired location at the buyer's expense. No land, no business included. Agent is related to the seller.

Features

  • Property Type: Business,Land,Office,Other
  • Construction: Wood Siding
  • Parking: On-Site,Parking Spaces 21+
  • Zoning: GATEWA
  • Year Built: 1954
  • Acreage: 2.5
  • Est. Taxes: $14,754
  • MLS#: 4941291
  • Website: https://www.raveis.com
    /prop/4941291/1421nhroute119_rindge_nh?source=qrflyer
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Listing courtesy of eXp Realty   Phone: 888-398-7062
Listing Agent: Sadie Halliday

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1421 NH Route 119, Rindge, NH, 03461

$1,290,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,032,000 $1,032,000 $1,032,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.250% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.821% 6.396% 5.990%
Monthly Tax Payment $1,230 $1,230 $1,230
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $5,860 $6,354 $8,570
Total Monthly Payment $7,215 $7,709 $9,925

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.