Unique opportunity to own an incredibly turnkey and versatile commercial space with easy highway access in Bristol. Formerly a successful restaurant/bar and banquet facility, this building provided a comfortable dining atmosphere, a local gathering spot, countless private parties and upbeat live entertainment events. It can be taken in countless entrepreneurial directions. Interior and exterior updates completed by current owner are numerous and include structural engineering on 1st and 2nd floors, newer roof, windows, plumbing, heating and electrical systems. The second floor is currently being used as storage and can easily be converted to a 2/3 bedroom apartment. Off street parking offers space for 52 vehicles. Additional investment property next door available for purchase at #374 Broad St, a single family rental in a commercial zone. (Comprehensive list of improvements and features available upon request)
388 Broad Street, Bristol, CT, 06010
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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