Incredible opportunity for the investor/entrepreneur in you! This 13, 000+/- SF building has been used as a regional switching station and offices for the telephone company for years. The . 90+/- parcel is comprised of two lots consisting of . 65+/- where the building is sited and the adjacent . 25+/- acre parcel used primarily for parking. The phone company is currently utilizing the basement area but has vacated the main level office area with 9, 314+/- SF waiting for your existing business or new venture. Built in 1948, it has been well maintained throughout the years with a brick exterior for minimal ongoing exterior maintenance. There is parking on site that can be expanded but it is also adjacent to a municipal lot for any parking overflow. Need some ideas to get your ideas flowing?? How about a restaurant? An indoor market/mini mall with multiple shops? Apartments? The floorplan can easily accommodate any one of these. The location is close to town making and all services making it easily accessible! The lower/basement level will continue to be occupied by the phone company at lease terms to be negotiated prior closing. Well kept building + national tenant+ close to town+ flexible floorplan = Don't wait!!
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $520,000 | $520,000 | $520,000 |
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 | $1,094 | $1,094 | $1,094 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,503 | $3,456 | $4,385 |
Total Monthly Payment | $4,689 | $4,642 | $5,571 |
* 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.