3rd floor office unit for lease in downtown Newport. Located in the historic Bigelow Building and features 2 private offices with hardwood floors, common area restroom on 3rd floor, bright windows in offices, 2 storage rooms (could be used as additional offices or reading/study rooms), and additional storage areas. Consisting of approx. 463+/- sq. ft. at $650 expense per month and includes internet, heat, and electricity. Space can be demised and leased as 2 units at $350/mo each. Professional office building with a common entrance, shared main level handicap accessible conference room, common bathrooms, beautiful natural woodwork throughout and non-smoking building. Situated on the corner of Main St. & School St. , this building offers great visibility and is an ideal location to establish your business while joining in with all the revitalization of downtown Newport. Available immediately. Landlord is looking for well-qualified tenants with strong references and a long-term lease preferred.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.415.2989
Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $520 | $520 | $520 |
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 | $3 | $3 | $4 |
Total Monthly Payment | $78 | $78 | $79 |
* 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.