INTRODUCING AN EXCEPTIONAL COMMERCIAL LAND OPPORTUNITY SPANNING 18. 89 ACRES AT THE PRIME INTERSECTION OF ROUTE 44 AND ROUTE 74 IN ASHFORD CT. THIS CORNER LOT OFFERS A LUCRATIVE CANVAS FOR DIVERSE DEVELOPMENT VENTURES. SITUATED IN A HIGH-TRAFFIC AREA FREQUENTED BY A TREMENDOUS AMOUNT CARS AND TRUCKS DAILY, THE LOCATION BOASTS INCREDIBLE VISIBILITY AND ACCESSIBILITY, MAKING IT A STRATEGIC CHOICE FOR A RANGE OF BUSINESSES. THE 44 & 74 ROUTE SERVES 1000'S OF COMMUTERS JOURNEYING TO HARTFORD FROM WINDHAM COUNTY AND RHODE ISLAND DAILY. LOCATED ON ONE OF THE MAIN ROUTES TO UCONN, IT WILL ATTRACT DAY COMMUTERS AND FACULTY AS WELL. THIS COMMERCIAL LOT PRESENTS A UNIQUE CHANCE TO CATER TO A DYNAMIC AND BUSTLING DEMOGRAPHIC. THE POSSIBILITIES FOR DEVELOPMENT ARE VAST, INCLUDING BUT NOT LIMITED TO RESTAURANTS, RETAIL SHOPS, STRIP MALLS, STORAGE FACILITIES, DAYCARE, FITNESS CENTERS AND GROCERY STORES. . . TOO MANY POSSIBILITIES TO LIST, CHECK OUT THIS LINK FOR A MORE DETAILED LIST https: //ecode360. com/36347759 . SPECIAL PERMITS ARE ALSO POSSIBLE. 8-10 MIN TO I84. DON'T MISS THIS OPPORTUNITY TO ESTABLISH A THRIVING BUSINESS IN THIS STRATEGICALLY POSITIONED AND HIGH-POTENTIAL COMMERCIAL DISTRICT. Property is also listed as residential MLS#24044392
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NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $191,920 | $191,920 | $191,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,293 | $1,276 | $1,618 |
Total Monthly Payment | $1,368 | $1,351 | $1,693 |
* 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.