Opportunities Knock at this potentially multi-property offering 2mi/3mins north of Downtown Concord. Located on busy Rte 3/North State Street with a 16K/day traffic count, 310 N State has been a used car lot for as long as most people can remember and a bank before that. Times have changed and the owner of 310, 308, & 304 N State is looking to think outside the box for this highly underutilized and valuable stretch of road midway between Downtown and Penacook. Currently Industrial zone with one curbcut for 310, you have an 1850sqft one-level building sitting on . 94ac that has been cleaned out, on a slab, and is ready to be finished to your needs. Fed by City utils and nat gas, the building is climate controlled and mostly paved and level with great exposure to Rte 3 with 310' of frontage and lit sign for $3000/mo NNN as advertised. Owner also owns the vacant level lot next to it to the south that's 1. 12ac as well as the 1. 8ac lot next to that which is currently an older bungalow style home with M2M tenants. Owner is not attached to either of these buildings and encourages you, as does the city, to bring your ideas on your highest and best use for these adjoining properties. Owner is not looking to sell and does not want to lease the land for car sales, storage sheds, dog grooming or daycare center. Aside from that, all is negotiable here. Many uses will need a variance. One possibility is a modern gas and charging station and drive-thru franchise next door. Think Big, Be Big!
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $2,400 | $2,400 | $2,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $16 | $16 | $21 |
Total Monthly Payment | $91 | $91 | $96 |
* 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.