This prime commercial plaza, ideally located on a high-visibility interstate road in Bloomfield, CT, enjoys an average daily traffic count of 13, 900 vehicles. Situated just minutes from Highway 91, the property gives you seamless access to major routes and is conveniently positioned near several established residential neighborhoods, ensuring a steady stream of local clientele. The plaza consists of three well-maintained buildings, hosting popular long-term tenants, including World Fish Market, Paradise Restaurant, Hir We Go Studios, a Real Estate Office, Hills N Park Barbour, and World Fish and Seafood and 1 bedroom apartment. Combined 7, 515 SqFt. With an established tenant base and a history of reliable foot traffic, this property is an exceptional investment opportunity. Property features include updated AC unit and a recently installed roof above the apartment, ensuring minimal maintenance and long-term operational efficiency. Additionally, the plaza expansion potential, allowing investors to explore opportunities for growth. This is an ideal choice for any investor seeking a steady, reliable income stream in a high-demand location with growth possibilities.
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William Raveis Real Estate
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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 | $1,199,920 | $1,199,920 | $1,199,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.844% | 6.597% | 6.158% |
Monthly Tax Payment | $1,579 | $1,579 | $1,579 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,002 | $7,584 | $10,126 |
Total Monthly Payment | $8,706 | $9,288 | $11,830 |
* 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.