5 N Line Road, Edgartown, MA, 02539 | $800,000
Cars Unlimited - 5 N Line Road Edgartown. Offered for the first time, Cars Unlimited is a state of the art, full service automotive repair shop centrally located mid island in the MVY Airport Business Park. Serving island residents & visitors alike since 1987, the business is available turn key and fully equipped. Along with the business is a 3, 600 sq. ft. steel frame warehouse which includes a 2, 800 sq. ft. grade level shop floor served by multiple oversized overhead doors. An additional 800 sq. ft. of office space, a front desk, and customer waiting area round out the first floor. Lofted above are an additional two private offices, and a storage area. The building is situated towards the front of the park on a 1. 19 ground leased parcel. It is zoned Business III (BIII). 5 N Line Road is convenient to Edgartown & Vineyard Haven, including the island's main passenger & freight ferry terminal. The assets, good will, & real estate are offered for $1, 200, 000. Financials, an equipment list, and ground lease are available to review for qualified parties who sign a non-disclosure agreement.
Features
- Property Type: Industrial
- Current Use: Automotive
- Permitted Use: Automotive
- Construction: Vinyl/Aluminum, Metal, See Remarks
- Utilities: Cable Available, High Speed Internet, Electricity Available, Natural Gas Available, Phone Available
- Garage: Parking Lot, Paved Lot, Dirt Lot
- Levels: 2
- Cooling: Wall Unit(s)
- Approx Lot Sq. Feet: 51,836
- Units: 1
- Zoning: BIII
- Year Built: 1997
- Approx Sq. Feet: 3,600
- Acreage: 1.19
- Est. Taxes: $1,778
- Lot Desc: Corner Lot, Level, Cleared
- School District: Martha's Vineyard
- Appliances: Water Heater
- MLS#: 22204984
- Website: https://www.raveis.com
/prop/22204984/5nlineroad_edgartown_ma?source=qrflyer
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888.699.8876
Contact@raveis.com
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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 81725
203.980.8025
Frank.Kolb@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
5 N Line Road, Edgartown, MA, 02539
$800,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Frank Kolb
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
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 | $148 | $148 | $148 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,312 | $4,254 | $5,397 |
| Total Monthly Payment | $4,552 | $4,494 | $5,637 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
MA Mortgage Lender and Mortgage Broker #MC2630