140 Preston Road, Griswold, CT, Connecticut, property flyer

140 Preston Road, Griswold, CT, 06351 | $1,300,000

Seize the opportunity to develop on this prime 4. 99-acre commercial parcel prominently positioned on Route 164. With a high traffic count, this property stands as a main corridor to the renowned Foxwoods Casino, ensuring maximum visibility for your business venture. This level lot is at finished grade, offering a clean slate for construction and design. Public water and sewer at road, simplifying the development process and saving valuable time and resources. The accessibility and convenience of these utilities make it an even more attractive location for a wide range of commercial uses. Envision your restaurant, with ample space for both indoor dining and outdoor patios, capitalizing on the traffic heading to and from Foxwoods Casino. Or perhaps a retail business that benefits from the steady stream of potential customers passing by. The site is also perfectly suited for a medical facility, where accessibility is key for patients and healthcare providers alike. The possibilities are endless with this versatile property. It's ideal location offers a unique opportunity for a savvy investor or entrepreneur looking to establish or expand their presence in a bustling commercial hub. Don't miss out on the chance to develop in one of the area's most sought-after locations, where business thrives and opportunities abound.

Features

Zoning: C-1
Frontage: State Road

Lot Desc: Level Lot,Cleared,Open Lot
MLS#: 24049680

Days on Market: 51 days
Website: https://www.raveis.com
/prop/24049680/140prestonroad_griswold_ct?source=qrflyer

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Listing courtesy of William Pitt Sotheby's Int'l

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Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

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888.699.8876

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

Our Executive Mortgage Banker:

Is available to meet with you in our office, your home or office, evenings or weekends
Offers you pre-approval in minutes!
Provides a guaranteed closing date that meets your needs
Has access to hundreds of loan programs, all at competitive rates
Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

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Our Insurance Division:

Will Provide a home insurance quote within 24 hours
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

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203.925.4590

For homebuyers and sellers, our Attorney Network:

Consult on purchase/sale and financing issues, reviews and prepares the sale agreement, fulfills lender
requirements, sets up escrows and title insurance, coordinates closing documents
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140 Preston Road, Griswold, CT, 06351

$1,300,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

	5/6 (30 Yr) Adjustable Rate Jumbo*	30 Year Fixed-Rate Jumbo	15 Year Fixed-Rate Jumbo
Loan Amount	$1,040,000	$1,040,000	$1,040,000
Term	360 months	360 months	180 months
Initial Interest Rate**	5.500%	6.375%	5.875%
Interest Rate based on Index + Margin	8.125%
Annual Percentage Rate	6.821%	6.474%	6.036%
Monthly Tax Payment	N/A	N/A	N/A
H/O Insurance Payment	$125	$125	$125
Initial Principal & Interest Pmt	$5,905	$6,488	$8,706
Total Monthly Payment	$6,030	$6,613	$8,831

* 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.