This unique Fall River commercial property is ideally located on a high-traffic street & in a highly visible location. Just minutes away from Routes 6, 24 &195. The property includes 2 parcels with two buildings for a flexible use. The main 2-story, 7, 640 sq ft building offers a showroom, office space, restrooms, & a large warehouse/production area with high ceilings, & a loading dock. It is ideal for production or storage. A dedicated parking lot holds 12 spaces, plus two , 15-minute spots on street. An unoccupied office on the second floor adds potential for rental income or operations. Well-suited for light manufacturing, retail, distribution, or any operation that would benefit from a layout that combines showroom, office, & warehouse all in one. The second 1, 217 sq ft building, is currently used for office/storage but could be leased as a single-family home, further developed, or demolished to expand parking options. Sale is for Real Estate Only. Kindly call for details!
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William Raveis Real Estate
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William Raveis Mortgage, LLC
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Frank.Kolb@raveis.com
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 | $640,000 | $640,000 | $640,000 |
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 | $0 | $0 | $0 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,312 | $4,254 | $5,397 |
Total Monthly Payment | $4,404 | $4,346 | $5,489 |
* 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.