This expansive 5. 97-acre commercial property offers an opportunity for investors within the dynamic Donaldson Center area. Strategically located and zoned C2, this property provides ample space for a variety of commercial ventures. Its level topography simplifies the development process, presenting a versatile canvas for your business aspirations. One notable feature of this property is its extensive 366 feet of road frontage, guaranteeing exceptional visibility and accessibility. The frontage has been thoughtfully cleared to ensure immediate exposure to passing traffic and potential clientele. What makes this investment opportunity even more compelling is the context of the surrounding developments. The area is witnessing significant growth, with several chain restaurants emerging on nearby parcels. This underscores the area's commercial potential and the prospect of a pre-existing customer base, enhancing your chances of success. Whether you envision a restaurant, retail space, liquor store, hotel, residential community, or another commercial endeavor, this expansive lot offers an ideal foundation to bring your vision to fruition. Feel free to contact us today to schedule a viewing and explore the wide-ranging possibilities that await you on this prime commercial lot. We look forward to discussing how this property can meet your specific commercial needs.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $480,000 | $480,000 | $480,000 |
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 | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,193 | $3,190 | $4,048 |
Total Monthly Payment | $3,285 | $3,282 | $4,140 |
* 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.