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382 Thames Street, Bristol, RI, 02809 | $1,995,000
Waterfront District! Free standing building consisting of three separate units, two of which are currently occupied by independent restaurants with long-term NNN leases. Third unit is a warehouse type space currently occupied by Owner which will be listed for lease with over 2, 500 square feet. Separate utilities, off street parking and easy access by car, bike or by foot. Over 115 feet of frontage located directly across from Bristol Harbor, 80 high end condominiums, the East Bay bike path and Independence Park. Also, walking distance to the Bristol Harbor Inn Hotel and Event Center and attractions in this high traffic Downtown Bristol location. The possibilities for this property are endless and not limited to a possible condo conversion, additions, etc. New legislation may allow for additional residential units which would offer water views of Bristol Harbor. Buyer to perform their own due diligence.
Features
- Property Type: Commercial
- Permitted Use: Commercial,Development,Mixed Use,Office,Retail
- Construction: Masonry
- Utilities: Electricity Available,Natural Gas Connected,Municipal Utilities,Water Connected,Sewer Connected
- Parking: 10-car
- Heating: Central
- Cooling: Central Air,1 Unit
- Amenities: Golf,Highway Access,Marina,Near Hospital,Near Schools,Public Transportation,Recreation Area,Restaurant,Shopping,Tennis Court(s),High Traffic Location,Street Lights,Sidewalks
- Units: 3
- Zoning: W
- Frontage: 118
- Year Built: 1900
- Acreage: 0.33
- Est. Taxes: $13,020
- View: Water
- MLS#: 1353745
- Website: https://www.raveis.com
/prop/1353745/382thamesstreet_bristol_ri?source=qrflyer
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William Raveis Family of Services
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Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
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To learn more about our credentials, visit raveis.com today.
Whitney RuggVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 7654
401.474.4879
Whitney.Rugg@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Allen GellermanInsurance Sales Director, William Raveis Insurance
617.686.2668
Allen.Gellerman@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
382 Thames Street, Bristol, RI, 02809
$1,995,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Whitney Rugg
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,596,000 | $1,596,000 | $1,596,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.500% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.844% | 6.597% | 6.158% |
| Monthly Tax Payment | $1,085 | $1,085 | $1,085 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $9,314 | $10,088 | $13,468 |
| Total Monthly Payment | $10,524 | $11,298 | $14,678 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB