Commercial Lot for sale zoned GFDD. (Gales Ferry Development District) This property is 5. 18 acres, located on the corner of Kings Highway and Rte. 12 in Gales Ferry. Just north of the property are McDonald's, Ocean State Job Lot, Dollar General, Dunkin Donuts, various restaurants, Holmberg's Orchard, and a winery. This property is not far from the Mohegan Sun and Foxwoods casinos! Just south of the property towards Groton (a. k. a. the submarine capital of the world) where you have the naval submarine base and submarine builder General Dynamics with plenty more restaurants, grocery stores, Kohl's, Walmart, car dealerships, schools, and beaches. A short distance further is the historic town of Mystic, which has the famous Mystic Seaport, Mystic Village, Mystic Aquarium, and plenty of upscale restaurants and tourist attractions. A short drive over the Gold Star bridge that takes you over the Thames River past the Coast Guard Academy, the new state-of-the-art heavy lift terminal, and the State Pier. This new site will be the hub to build the offshore wind farms, REVOLUTION WIND & SUNRISE WIND, in a joint venture by Orsted & Eversource. The impact of this project alone will significantly enhance the southeastern CT economy by adding over 400+ jobs! ** Traffic Count 13, 600+
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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 | $156,000 | $156,000 | $156,000 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,051 | $1,037 | $1,316 |
Total Monthly Payment | $1,126 | $1,112 | $1,391 |
* 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.