Welcome to Lincoln Gardens! Nestled within a residential neighborhood of the town of Lincoln, this picturesque property spans . 91 acres, commanding attention as a local landmark. The property boasts four structures, including an original farm stand, a fully heated four-season greenhouse, and a two-car garage featuring a sizable walk-in fridge. The storefront itself is a turnkey, full-service florist and garden center, proudly serving Rhode Island and parts of Massachusetts. Within this 1900 sq ft structure, the first floor serves as retail space complemented by a spacious second floor office capable of an expansion of the current store front or additional storage. The 1040 sq ft basement is equipped with a walk in fridge. In the rear of the storefront lies a fully irrigated half acre. The lot benefits from grandfather rights, allowing its current use to continue or accommodating a reasonable alternative as deemed acceptable by the town of Lincoln. If you are interested in becoming a small business owner, expanding your current business to a new location, or you simply grasp the multitude of possibilities this property holds, then consider this your next investment! This sale encompasses all the business has to offer including but not limited to: its inventory, delivery van, & equipment. Creative financing negotiable to a viable buyer. Schedule your private tour today! $699, 900
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$699,900
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $559,920 | $559,920 | $559,920 |
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 | $694 | $694 | $694 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,725 | $3,721 | $4,801 |
Total Monthly Payment | $4,511 | $4,507 | $5,587 |
* 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.