GREAT LOCATION & HANDYMAN SPECIAL: Calling All Business Owners And Investors! If You're Looking To Expand Your Business Or Invest In A Desirable & Convenient Groton Business District, Now Is Your Chance! This Property Features A Spacious 3, 972 SF 2 Levels Building Set On . 37 Acre With 102' Street Frontage On A High-Traffic Visibility Street. Zoned CN-Commercial, It Benefits From Approximately 20, 000 Daily Car Counts, A 30-Car Parking Lot, Public Transportation, I-95 & Gold Star Hwy (Rt-184). Previously Utilized As Four Medical Office Units With Five Restrooms And Offers Fantastic Potential For Mixed-Use. Ideal For Premium Office Space, Medical Practices, Law Or CPA Firms, Real Estate Or Insurance Agencies, Corporate Offices, Restaurants, Or Retail Storefronts - All With High Visibility For Your Business Signage. This Property Will Have Your Business Noticed & Booming Along With Other High Rent Commercial Tenants. This Property Is Surrounded By Well-Known Businesses Such As Walmart, Walgreens, Starbucks, McDonald's, Wendy's, Burger King, Big Y, Dollar Tree, Self-Storage, Apartment Buildings, Planet Fitness, Attractions Like Mystic Seaport, Downtown Lined With Boutique Shopping, Walking Distance To Countless Options Of Eateries, Nightlife, Casinos, Walking Trails, Parks, Beaches, Boating, And More. Nearby Employers Include Pfizer, Electric Boat & Sub Base. The Area Is A Goldmine Experiencing Continuous Growth And Retail Development, Ensuring Your Investment Will Appreciate Over Time. While Renovations Are Needed, This Commercial Property Provides A Solid Foundation For Your Vision. Don't Miss Out On This Rare Once In A Lifetime Opportunity - Bring Your Toolbox And Creativity To Transform This Gem Into A Thriving Business Location! Sold As-Is.
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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 | $359,920 | $359,920 | $359,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $556 | $556 | $556 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,395 | $2,392 | $3,035 |
Total Monthly Payment | $3,026 | $3,023 | $3,666 |
* 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.