Located in the heart of Hampton’s bustling retail corridor on Route 1, this exceptional ±0. 40-acre property presents a unique redevelopment opportunity for investors and developers alike. Shadow anchored by Hannaford Supermarket and benefiting from over ±14, 300 VPD, this property offers unrivaled visibility and accessibility. In close proximity to McDonald’s, Walgreens, and Dunkin’, this location has a strong neighboring presence of national retailers and 2 hotel chains. With general commercial zoning (TC-N) and 2 curb cuts on Lafayette Road, this property would make an excellent site for a coffee shop, QSR, or bank as it could allow for a new building with a drive through and is situated on the morning commute side of Route 1. There is currently a ±3, 120 SF building on the site with an operating laundry and dry-cleaning business that could also be repurposed. Tap into Hampton’s growing market and contact us today for additional information.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $920,000 | $920,000 | $920,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.055% | 6.234% | 5.805% |
Monthly Tax Payment | $773 | $773 | $773 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,152 | $5,590 | $7,578 |
Total Monthly Payment | $6,050 | $6,488 | $8,476 |
* 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.