Historic Atlantic Mills Property For Sale! Step into a piece of Providence's rich industrial history with this unique opportunity to own Atlantic Mills, located at 120 Manton Avenue. This impressive four-story, brick textile mill offers a vast 348, 634 square feet of space on 4. 91 acres of land, perfectly blending historical charm with modern potential. Zoned Industrial Mixed Use (M-MU-75), the property features a freight elevator, full sprinkler system, and frontage along the picturesque Woonasquatucket River. Nestled in the vibrant Olneyville section of Providence, it provides convenient on/off access to Route 6 and quick connections to Route 10, I-95, and Downtown Providence, making it ideal for businesses or redevelopment. Additionally, the property boasts a thriving flea market, attracting a steady stream of visitors and offering an additional revenue stream. Don't miss out on this exceptional property that combines historical significance, prime location, and versatile use. Whether you're looking to expand your business, invest in a mixed-use development, or continue the legacy of the flea market, Atlantic Mills provides endless opportunities. Contact us today to explore this remarkable property!
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William Raveis Real Estate
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $4,000,000 | $4,000,000 | $4,000,000 |
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 | $7,109 | $7,109 | $7,109 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $22,399 | $24,304 | $32,949 |
Total Monthly Payment | $29,633 | $31,538 | $40,183 |
* 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.