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Prime ground floor unit with approximately 1, 165 square feet. Excellent downtown North Andover location with great visibility! Newly renovated with storefront windows and glass doors! Use has been a shared professional office space but can be reconfigured for retail, professional, or a small restaurant. There are many available uses in the General Business Zone and in the Downtown Overlay District. Great location for professional offices, retail, dining, medical, or dental offices among the few of the many uses allowed. Owner would be willing to finance the fit-out into a long-term lease. The property is fully fire sprinklered and insulated to today’s codes. Central air and gas heat. Single Net: tenant pays their utilities and interior/commercial upkeep and common area maintenance (Estimated at $1. 5 per sq foot); the owner pays property taxes & property insurance. If more space is needed, combine the two halves for 2, 310 square feet. One loading space in the rear of the property.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $1,640 | $1,640 | $1,640 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.191% | 7.042% | 6.160% |
Monthly Tax Payment | $721 | $721 | $721 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $11 | $11 | $14 |
Total Monthly Payment | $807 | $807 | $810 |
* 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.