Introducing 672 Tenney Mountain Highway, the perfect opportunity to establish your new business or make a lucrative investment. This prime 7. 3+/- acre property, situated in the town of Plymouth, boasts an ideal location directly across from a nationally owned box store, guaranteeing a high traffic count for maximum business visibility. One of the standout features of this property is its unique potential, with an expired strip mall plan on file with the town. Few properties in the area offer such a promising canvas for development. In addition to its strategic location and development possibilities, 672 Tenney Mountain Highway provides breathtaking panoramic views of the surrounding mountains, adding an extra layer of appeal to your venture. Notably, this property was the former home of a car dealership, showcasing its commercial viability and successful past. Whether you're looking to launch a new business or add to your investment portfolio, 672 Tenney Mountain Highway presents an unparalleled opportunity with its strategic location, development potential, and a history of commercial success. Seize the chance to make your mark in this thriving area and take advantage of all that this property has to offer.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $516,000 | $516,000 | $516,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,433 | $3,430 | $4,352 |
Total Monthly Payment | $3,525 | $3,522 | $4,444 |
* 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.