0 Providence Road, Brooklyn (Allen Hill), CT, 06234 | $3,500,000

19. 1 Acres in the heart of The Brooklyn Planned Commercial District. This is a corner lot that spans 1042 ft of frontage with two traffic signals which would be naturally utilized. All utilities available in the street. There is also a 4. 6 acre lot abbutting the lot MLS #170425683 that if assembled would be 90 more ft of frontage. there are some wetlands on the property, more towards the western portion. and are poor draining soils which is noted in the wetlands map provided in the documents. assemblage would allow for more wetlands management opportunities. Rt 6 is an up-and-coming business hub with anchor stores such as Walmart, Mc Donalds, Dunkin Donuts, Ocean State Job Lot, Various Car Dealerships, etc. . Traffic counts over 15000 This would be enough space for a large development that would bring the highest best value not only to the buyer but the community as well. Combined these properties will form what could be the most beneficial commercial property on rt 6. and surrounding areas. These properties are ideal for a developer with a vision of a Village Community with entertainment, shopping, and services such as specialized medical, pediatricians, offices, dentists, etc. There are plenty of examples of this throughout New England, some of which utilize only 20 acres. . . imagine what could be done here. . . . Cannabis Retail is also a possibility Also Available is MLS#170422284 a corner lot accross from this address.

Features

  • Town: Brooklyn
  • Current Use: open land
  • Permitted Use: Commercial zoned
  • Utilities: Electric Available,Gas,Cable Available
  • Heating: No Heat
  • Cooling: None
  • Zoning: PC
  • Frontage: State Road,Paved Road
  • Year Built: 1900
  • Approx Sq. Feet: 831,996
  • Acreage: 19.1
  • Est. Taxes: $218
  • Lot Desc: Farm Land,Additional Land Avail.,Some Wetlands,Treed
  • MLS#: 170580945
  • Days on Market: 188 days
  • Website: https://www.raveis.com
    /prop/170580945/0providenceroad_brooklyn_ct?source=qrflyer
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Listing courtesy of The Bella Group, LLC

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0 Providence Road, Brooklyn (Allen Hill), CT, 06234

$3,500,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $2,800,000 $2,800,000 $2,800,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.375% 6.125% 5.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.769% 6.270% 5.864%
Monthly Tax Payment $18 $18 $18
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $15,679 $17,013 $23,064
Total Monthly Payment $15,822 $17,156 $23,207

* 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.