The historic Ben Merrill homestead, built in 1735, has been transformed into a versatile commercial property offering multiple office spaces. The building boasts several appealing features, including wide plank wood floors and multiple fireplaces that add to its charm and character. On the first floor, there are two large front spaces facing the street, which could serve as prime office areas or reception areas for businesses. Towards the back of the building, there is a separate office space, and the old keeping room has been repurposed as a waiting room or an additional work area, providing flexibility for various business needs. Heading upstairs, there is even more space available, making it an ideal opportunity for businesses seeking additional room to expand or create distinct working areas. The location of the homestead is quite advantageous, situated on Route 1, close to shopping centers, banking facilities, restaurants, and other town services, making it convenient for clients, customers, and employees alike. Furthermore, the property is set on a generous . 6-acre parcel with well-maintained landscaping, which enhances the overall appeal and offers a pleasant atmosphere. Additionally, the ample parking lot ensures easy access for clients and staff, with its convenient proximity to Interstate 95, making it easily accessible for those traveling from other areas. This historic homestead turned commercial space is an excellent opportunity for businesses looking for an attractive and functional location with a touch of history and modern amenities. Looking for a special project in an iconic historic building in town, this is it.
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William Raveis Mortgage, LLC
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NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $500,000 | $500,000 | $500,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $794 | $794 | $794 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,369 | $3,323 | $4,217 |
Total Monthly Payment | $4,255 | $4,209 | $5,103 |
* 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.