Unveiling a rare opportunity to own 15. 58 acres of prime commercial land perfectly suited for medium-sized development projects. This strategically located property has an impressive 1, 803 feet of frontage along Route 6 (Jonathan Trumbull Hwy), ensuring maximum visibility for any commercial establishment. With convenient access to I-384, the property allows for seamless connectivity to major business hubs and commuter routes. The location boasts over 20, 000 vehicles passing daily, making it a prime spot to attract consistent customer traffic. Additionally, the parcel includes dual road frontage with additional access along Merritt Valley Road, further enhancing its development potential and accessibility. This property abuts a Dollar General and the scenic Hop River State Park Trail, offering a unique blend of commercial vibrancy and natural beauty. It is also located directly across from a bustling Mobil Mart that includes a Dunkin' Donuts, ensuring high visibility and a steady flow of activity in the area. The lot is subdividable, allowing for flexibility in tailoring the land to suit a variety of commercial or mixed-use projects, including retail centers, office spaces, hospitality, or recreational facilities. Combining an exceptional location, remarkable visibility, and incredible development potential, this property represents an outstanding investment opportunity for businesses looking to capitalize on a high-traffic area and a growing community. Don't miss out!
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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 | $759,200 | $759,200 | $759,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.795% | 6.472% | 6.032% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,370 | $4,736 | $6,355 |
Total Monthly Payment | $4,462 | $4,828 | $6,447 |
* 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.