1778 VT Route 105, #BLDG 2, Newport Town, VT, 05857 | $2,300

Highly visible commercial mixed-use standalone building for lease and available now. This 3, 926 SF building has two large open areas. The industrial side has 1, 829 SF of shop space with 2 drive-in doors (13'9"w X 9'8"h) and high ceilings. The retail portion is 2, 097 SF and has a couple small break/office areas. There is a 1/2 bath in the retail space and an additional sink in the break area. There is plenty of parking available. Ideal for many uses, bring your ideas. Long term lease preferred to well qualified tenant. Additional outbuildings or storage areas may be available for lease. Lease type is modified gross (MG) with Tenant being responsible for heat, electric, trash, and additional utilities they wish to contract. Landlord pays real estate taxes, insurance, yard care (plowing/mowing).

Features

  • Property Type: Business,Industrial,Office,Opportunity,Other,Retail
  • Construction: Wood Frame
  • Heating: Direct Vent,Electric,Gas Heater,Gas Heater - Vented
  • Units: 1
  • Zoning: Newport Town
  • Year Built: 1990
  • Approx Sq. Feet: 3,926
  • Acreage: 6
  • MLS#: 5016780
  • Website: https://www.raveis.com
    /prop/5016780/1778vtroute105_newporttown_vt?source=qrflyer
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Listing courtesy of Jim Campbell Real Estate   Phone: 802-334-3400
Listing Agent: Dexter Degre

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Brian SkellyVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 793093

203.415.2989

Brian.Skelly@raveis.com

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1778 VT Route 105, #BLDG 2, Newport Town, VT, 05857

$2,300

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Brian Skelly

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 203.415.2989

Brian.Skelly@raveis.com

NMLS Mortgage Loan Originator ID 793093

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $1,840 $1,840 $1,840
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 $12 $12 $16
Total Monthly Payment $87 $87 $91

* 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.